Suggest to buy JK Typres among the midcap names: Mayuresh Joshi

In a chat with ET Now, Mayuresh Joshi – Fund Manager, Angel Broking, shares his views on the mid-cap sector. Edited Excerpts:

ET Now: You have mentioned about a Surya Roshni that is something that you guys like. Anything else that stood out? Anything which is a midsized company, not necessarily an index or a large cap name.

Mayuresh Joshi: We are liking the tyre companies JK Tyres. It is something that we continue to like. Structural story remains. The business model continues to remain strong for JK Tyres. The capacity expansion happening both on the truck radial business and then that probably enhance capacity will augur well for the stocks. So the ROE should improve drastically for company like JK Tyres over the next couple of years. Our take is that JK Tyres is poised to do well. JK Tyres is something that I will continue to prefer over the next three to four quarters and we believe that the earnings growth should be quite substantial.