Bullish on Everest Kanto Cylinder in midcap space: Prakash Diwan

In a chat with ET Now, Prakash Diwan, Head–Institutional Clients Group, Asit C Mehta Investment Intermediates Ltd, shares his views on madcap stocks.

ET Now: In the midcap space where do you see a deep value argument?

Prakash Diwan: It is difficult to believe that a particular sector could offer you a lot of value especially when it comes to midcaps because characteristically midcaps follow their individual business models that make them unique irrespective of the sector that they perform in. But there are a couple of opportunities that we believe are shaping up quite well. For example there is company called EKC, Everest Kanto Cylinders has been beaten and out for quite sometime, has lost most of the institutional interest that used to be there but the company is getting into some very high value products in its new plan and those could certainly be a game changer for this company. So you have these companies which had reasons to come down but then they have consolidated at lower levels, possibly have the right opportunity to move forward.