Bullish on Bajaj Electricals: Avinnash Gorakssakar

In a chat with ET Now, ET Now, Avinnash Gorakssakar, Head of Research, Mintdirect.com, shares his views on Bajaj Electricals.

ET Now: Just a quick word on Bajaj Electricals as well from the midcap space, do you like it?

Avinnash Gorakssakar: Yes that we have seen good amount of interest coming in in the counter, my sense is if one were to hold on at least for the next couple of quarters, one could see definitely good amount of top line as well as margin expansion. In the last quarter, we had seen the management giving a very positive kind of call on the top line growth. Clearly, despite the fact that it has moved by 5%, somebody who wants to take a bigger positional call for the next three to six months, can also enter at the current level. I would say that from these levels upside of about 14-15% is very much possible.