Bullish on Jain Irrigation in midcap space & Readymade Steel in small cap space: Sudip Bandyopadhyay

In a chat with ET Now, Sudip Bandyopadhyay, President, Destimoney Securities Pvt Ltd, shares some stock ideas. Excerpts:



ET Now: Give me two ideas -- one from the small cap space and one from the midcap space -- which you are happy to own right now.

Sudip Bandyopadhyay: From the midcap space, I like Jain Irrigation since structural reforms have been proposed in agriculture and micro irrigation is being talked about. Jain Irrigation has done quite a lot to clean up their balance sheet and tone up their performance. We are looking at the stock for three to six months and an excellent return can come to the investor.

If you look at the small cap universe, there are many ideas, but one particular which we like is based on the economy picking up. It is a company called Readymade Steel. They have a subsidiary which is based in Singapore. Till last financial year, 90% of business profitability was out of the Singapore subsidiary. However, with the Indian economy turning around, they will start getting a lot of business from India and it is a well-managed company which is available at attractive valuation.