Prefer Subros, says Mayuresh Joshi

Mayuresh Joshi of Angel Broking told CNBC-TV18, "When it comes to specific midcaps our take is that you should be really stock specific in this current market scenario. The valuations across sectors within the midcap universe have probably moved in a high trajectory. However, what we are probably liking is few midcap stocks within the auto, auto ancillary pack. So, Subros is something that we are liking where we see tremendous earnings potential for the company going forward and the kind of catering that it does to the passenger vehicle segment would augur well for that stock."

"Clearly midcap cement is where we believe that the earnings growth should be substantial and the results would be quite meaningful as well when it comes to companies like JK Lakshmi or Mangalam Cement. So, our take is stick around with midcaps where the value has not gone over the roof and where the valuations still look reasonable," he said.