Ambareesh Baliga, independent market expert, on Wednesday said that Tata Elxsi's performance is going to continue for at least two to three years.

In an interview to CNBC-TV18, Baliga said that margin expansion will continue for Tata Elxsi in the next two or three quarters.

Baliga said that Jubilant FoodWorks is clearly a textbook example of turnaround, when there is a change in the top management.

Speaking on Jubilant FoodWorks, he said, "Don’t really expect this sort of a growth continuing for the next two or three quarters, but then you will see the normal growth happening. So, in case we see a correction to levels of about Rs 1,275 or so, I think that is a level to buy and just to get that 18-20 percent sort of a growth."

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