CEBBCO looks fairly valued: Gaurang Shah

Gaurang Shah, Asst VP, Geojit BNP Paribas Financial Services, in a chat with ET Now speaks about CEBBCO listing.

A quick word on CEBBCO yesterday’s listing.

It is a good company, good order book but the only problem is in the recent fortnight or 3 weeks if you actually go to see the listings have been more negative rather than positive.

So if you would have got a decent time horizon of about 16 months plus with the kind of order book that they have and the newer verticals that they are planning to go to into well definitely add to the revenues but expecting magical returns on this particular company will not be justified.

So that is the reason why I am saying that you need at least 12 to 16 months time horizon. In terms of valuation also looks fairly valued.