Prefer LG Balakrishnan and Motherson Sumi: Ajay Bodke

Ajay Bodke of Prabhudas Lilladher told CNBC-TV18, "We are recommending investors LG Balakrishnan and Motherson Sumi with a medium term perspectives. In Motherson Sumi we are  expecting a very strong 18 percent Compound Annual Growth Rate (CAGR) in revenue growth for the current year and next financial year, a growth of around 18.50 percent in earnings this year followed by a very stronger around 50 percent growth in earnings in next financial year. The stock has very strong return on equity (ROE) of around 33 percent projected for this year and 38 percent next financial year."

"LG Balakrishnan is a south based company, a large supplier to Bajaj Auto and Honda Motorcycle and Scooter India (HMSI). There again we are expecting a growth in both revenues and bottom line in current and next financial year," he said.