Dalmia cememnt could be next Ultratech: Mehraboon Irani

In a chat with ET Now, Mehraboon Irani, Principal & Head-Private Client Group Business, Nirmal Bang Securities, talks about top three holdings.

ET Now: What are your top three holdings across the board in the market in the portfolios you manage?


Mehraboon Irani: We are looking at certain midcap names which we have bought into, have given us money and we are quite certain are going to continue to make money irrespective of what the election outcome is going to be. We like a name like Firstsource Limited. We have bought this stock at around Rs 17 and we are quite confident that from the present price of 28 also, we will see at least a price of 50-55 over the next 12 months. Dalmia Cement in the cement pack where we will have the biggest upgrade coming in the cement sector after UltraTech over the next six months. You will understand what I am trying to say in terms of the capacity expansion after Jaypee unit, Adhunik Cement, OCL being taken over. In the textile pack also, we like names like an Himatsingka Seide and a Sutlej Industries and the textile machinery company called Lakshmi Machine Works dirt cheap at Rs 2900. We are seeing a very conservative 3600 coming in the next couple of quarters.