Prefer Tree House from education pack: Mayuresh Joshi, Angel Broking

In an interview with ET Now, Mayuresh Joshi, Fund Manager, Angel Broking, shares his views on markets. Excerpts:

ET Now: Anything in the results that stood out for you?

Mayuresh Joshi: What we are liking is Tree House. The education sector is something that we prefer. We believe Tree House can post earnings growth in excess of market expectations over the next couple of years. The margins have been a little bit subdued this time around because of higher depreciation and interest charges. But going forward, the margin should stabilise around at 55-56% mark. The topline growth should be anywhere in excess of 22% to 23% over the next couple of years, so the stock is quite reasonably placed.