Crompton Greaves a good buy: Gajendra Nagpal

Gajendra Nagpal, CEO, Unicon Financial Solutions, in a chat with ET Now talks about Crompton Greaves.

How is Crompton Greaves looking and what do you like exactly about this stock?

The results have been phenomenal and in a market when the market is looking for some of the quality stocks and is willing to give them a very decent valuation, Crompton Greaves is one stock which qualifies almost all the criteria. Their product mix has been very good. Their working capital management has been very good and the challenges that this stock was facing for good number of years are now permanently behind them. I do believe that in a market like this when there is an unsatiated appetite for all the quality stocks and particularly stocks from the engineering space, with auto sector doing so much well with generators business doing so much more well, all the engines that this company has been fairly well and engine is very well humming. So Crompton Greaves would be a very good buy for any person who is a medium term holder of this stock.