MBL Infrastructures' prospects look good: Mayuresh Joshi, Angel Broking

In a chat with ET Now, Mayuresh Joshi, VP, Institution, Angel Broking, shares his views on the market. Excerpts:

ET Now: What are the top themes and stocks to bet on from a more medium term in nature?

Mayuresh Joshi: We are probably favouring selective auto, auto ancillary shares, cement and within cement, probably ACC among the top pack, JK Lakshmi, Mangalam within the mid tier names. There's also few select capital goods stocks like Crompton, L&T, Blue Star that we are preferring and again a few themes within the infrastructure, there is a particular stock called MBL Infrastructure that we are probably liking. EPC player having some bought interest as well but the kind of order book that it has got and valuations at around seven times EV/EBITDA, the stock looks attractively placed. We think that there is a good 25% upside from the current levels on MBL.