Prefer JK Lakshmi, Subros, Elecon Eng: Mayuresh Joshi

Mayuresh Joshi of Angel Broking told CNBC-TV18, "Apart from the largecap names like private banks, select few IT stocks, and midcap cement is where we are betting our guns on. JK Lakshmi Cement would see some amount of margin expansion happening in the next few quarters and volume growth coming back, the operating leverage benefit both in terms of utilisation levels going up and earnings inching higher in terms of realisation should start showing on the balance sheet."

"We like few midcaps like Subros, a play on the passenger vehicle segment, we like Elecon Engineering Company and from a turnaround basis Action Construction Equipment (ACE) is one stock that we like. We feel that engineering, procurement and construction (EPC) players specifically will gain substantially over the next few quarters with a lot of orders coming their way and specifically in terms of margins. RoE expansion should probably be seen in balance sheets of FY16 onwards. So ACE looks a very interesting play to us," he added.