Bullish on Bajaj Corp and Rallis India: Devang Mehta, Senior VP & Head Equities Sales, Anand Rathi Securities

In a chat with ET Now, Devang Mehta, Senior VP & Head Equities Sales, Anand Rathi Securities, shares his stock recommendations.

ET Now: Leave us with two stock ideas then which as a house you are bullish on and still recommend a buy from the midcap space that is.

Devang Mehta: Two stocks that immediately come to the mind are Bajaj Corp and Rallis India. Bajaj Corp has reacted a little negatively to the numbers. We have seen Bajaj Corp in a continuous market share gain over a period of time. Also, the other acquisition that the company has done - Nomarks and Kailash Parbat - both will erase the single product company tag. So we feel there is substantial upside for this stock. 335 is our price target for Bajaj Corp.

Another stock that we have just come up with is Rallis India and we feel this Tata Group stock could get re-rated over the acquisition that it had made one year back. The valuation that Rallis get at this point would surely get re-rated. So we feel Bajaj Corp and Rallis if somebody has a six months to one year horizon -- both these stocks could outperform the market.