Buy Texmaco, bullish on Kingfisher Airlines: Seshadri Bharathan, KSEMA

ET Now spoke to Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd., on his mid-cap pick from a 6 months perspective right now.

If you were to pick one midcap idea, because the day is panning out very well, then which would be the one midcap stock that you would buy from a 6 months perspective right now?

There are couple of stocks that I particularly like. There's Kingfisher Airlines because there is a completely debt restructuring story happening in stock.

Texmaco is another stock that I like because there again post Supreme Court ruling and approval from the shareholders pending the approval from High Court, we will see the company being demerged into two companies Texmaco Engineering and Texmaco Realty. The shareholders will get 1:1 stock.

Practically the company today is available free of cost because the real estate that the company holds in its book is about Rs 2000 crore and market cap is Rs 2000 crore. So I would advise investors to buy into Texmaco and stay invested in this stock for an upside of around 50% in next one years' time.