See 50-60% upside potential in Majesco: Daljeet Singh Kohli

In a chat with ET Now, Daljeet Singh Kohli, Head of Research, IndiaNivesh, talks about his top investment picks. ET Now: What is looking like a good investment proposition right now from a medium to long term timeframe?
Daljeet Singh Kohli: We will be coming out with list of four-five stocks for Diwali picks. You should be investing in those stocks for at least one year. There are quite a few midcap names.
We have been very bullish on Majesco. The company has already reported numbers in US. It was to report numbers in India on Thursday. India numbers will not be too much different, except that minority interest part because in India the company do not do anything. Everything is done in the US itself. So, we are expecting a good set of numbers. We believe that in the next one-and-a-half years, this stock has a upside potential of 50-60 per cent. So, we have a buy rating on the stock with a target of Rs 549. We are reiterating that Majesco is a long-term investment.