Bullish on Jindal Group: Vikas Pershad

ET Now spoke to Vikas Pershad, Founder & CEO, Veda Investments, on his view Jindal Group.

You are bullish on the entire Jindal Group of Companies. What’s the rationale and is there any particular stock that you are invested in right now?

Jindal Group in general, they have created a tremendous value over the past 2-3-5 years, if you just look at top line growth, profitability growth, the market cap. I would not put an equal allocation into all of them but there are still some like Jindal Saw that have multiple ways to win.

There is a core pipeline business and then the work that they are doing on the water side. I just think that right now four brothers, so many different companies, there is a lot of noise. Will they help each other out? Are there cross listings? Generally that’s a good time to get in because of probably a conglomerate discount, that’s what companies are working on right now.