Avoid Jain Irrigation: Vikas Pershad, Veda Investments

ET Now spoke to Vikas Pershad, Founder & CEO, Veda Investments, on his views on Jain Irrigation.

What is your view on Jain Irrigation?

I have not spent too much time on the tea companies but what I will say is that if you want to be present in the agriculture space, it does not make sense to own Jain Irrigation at less than Rs 200.

I was aggressively recommending an investment in that when it was around Rs 160-Rs 170 because it had been excessively punished as a result of the earnings and just the general sell off, that’s an indirect way but in many cases, a direct way as well to be present in the agricultural space.