Buy Jubilant stock at around 160 levels: Paras Adenwala

ET Now caught up with Paras Adenwala, MD & Principal Portfolio Manager, Capital Portfolio Advisors to get his views on Jubilant stocks.

One quick word Jubilant you heard the management sounds optimistic?

Oh yes, I think the business model is pretty good its just that would I want to really buy the stock at the current levels I think I would rather wait looking at the sentiment around.

What would be a fair price for this one 145 was the issue price its almost 34% this years earnings and about 24 times next years' what would be your fair valuation that you would give to the company?

I would buy the stock at anything at around 160 levels.