Positive on BGR Energy: Avinash Gorakshekar

ET Now spoke to Avinash Gorakshekar, Head of Research, Anagram Capital Ltd., on his stock picks based on the earnings.

Broadly from near term or medium term perspective, we have almost come to the end of the earnings season as well, large caps, mid caps, is there anything that has come out with a set of numbers that has caught your eye and you would play on it for the next 1 month or 3 month or a 6 month perspective?

In the power equipment space, yesterday we saw BGR Energy numbers. Very strong operating improvement in the operating profitability as well as the net profit numbers and recently they have won a very large order of roughly about Rs 2200 crore for a supercritical power project.

The market trends show this stock is definitely worthy of very strong portfolio pick because the next couple of years, we are going to see very strong earnings traction for this company. Our inhouse view on the stock is very positive. We are looking at a price of roughly about Rs 975 to Rs 1000 in the next 12 to 15 months.