We continue to prefer Axis, Yes Bank, LIC Housing from a long-term perspective: Mayuresh Joshi

In an interview with ET Now, Mayuresh Joshi - Fund Manager, Angel Broking, shares his stock ideas. Excerpts:

ET Now: Maybe you could help our viewers with some of your high conviction ideas; I know you have spelt out some of them during the show too. However, if you were to drill it down to three specific names, high recall, what would those be?

Mayuresh Joshi: From a long term perspective, we like the banking and NBFC space. There is absolutely no relation in what China will do to the private banking space at least in our opinion; so, we continue to prefer something like an Axis, Yes, LIC Housing.

IT is something that we will continue to prefer over a longer timeframe; therefore, Infosys, TCS, HCL Tech are names which we are continue to like. Additionally, from the power space, Power Grid is something we will continue to like. We also like Tata Motors, which in our opinion from the auto, auto ancillary space is expected to post decent set of numbers from FY17 and the kind of valuations which it is deriving right now are simply too attractive. Therefore, clearly these are the picks that we have from a 12- 15-month perspective.