Still prefer Blue Star on the back of strong earnings: Mayuresh Joshi, Angel Broking
'However, if you combine the industry outlook, our stake is still that Blue Star is something that we continue to prefer.'
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In a chat with ET Now, Mayuresh Joshi - Fund Manager, Angel Broking, shares his views on Blue star and Symphony.
ET Now: Do you have a coverage on Symphony. What is the call on this one?
Mayuresh Joshi: We do not have a coverage, so it is very difficult to give a view on the stock. However, if you combine the industry outlook, our stake is still that Blue Star is something that we continue to prefer.
Yes, there have been issues related to the electromechanical project segment for a lot of these companies operating out of this segment. However, numbers were far better than what the management had indicated. Symphony has given a stupendous move in terms of numbers that they have delivered. However, Blue Star is something that we continue to prefer.
ET Now: Do you have a coverage on Symphony. What is the call on this one?
Mayuresh Joshi: We do not have a coverage, so it is very difficult to give a view on the stock. However, if you combine the industry outlook, our stake is still that Blue Star is something that we continue to prefer.
Yes, there have been issues related to the electromechanical project segment for a lot of these companies operating out of this segment. However, numbers were far better than what the management had indicated. Symphony has given a stupendous move in terms of numbers that they have delivered. However, Blue Star is something that we continue to prefer.
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