Prefer Siyaram Silk Mills, Apollo Tyres: Mayuresh Joshi

Mayuresh Joshi of Angel Broking told CNBC-TV18, "Siyaram Silk Mills is still something that we are liking. Within the tyre space Apollo Tyres is something that we are liking. I think the lag effect of falling rubber prices and crude prices should pan out very positively for the margins. Though the report suggests a 25 percent hike probably in procuring rubber. However, the margins for Q3, Q4 should be substantial. So, we are very stock specific. However, most stocks probably within the midcap universe have probably run up to our liking."

Siyaram Silk Mills ended at Rs 906, up Rs 5.70, or 0.63 percent on the BSE.

The share touched its 52-week high Rs 927.70 and 52-week low Rs 274.85 on 22 December, 2014 and 23 January,  2014, respectively.