Stock Picks: Mark Mobius lists out three Indian stocks he is currently bullish on [Video]

Tips Industries, Netweb Technologies and Waaree Renewables are three stocks that veteran Emerging Markets investor Mark Mobius is bullish on within the Indian market.

Mobius listed these three names in an exclusive interaction with CNBC.

“I would say they are cheap. And by the way, when I say cheap, I don’t look at price-to-earnings ratios or price-to-book or anything like that. I look at Return on Capital and growth. And that’s why I think they are relatively cheap,” Mobius said.

The veteran Emerging Markets investor spoke of Tips Industries as they are in the music business. “They are involved in creating this music. So its a very interesting company. And if you’ve seen any Bollywood films, you realise its song and dance in a big way,” he said.

Shares of Tips Industries have risen 231% over the last 12 months.

Mobius also mentioned Waaree Renewables, known as a renewable equipments …