Eros International holds high potential, but need some clarity: Deven Choksey

In a chat with ET Now, Deven Choksey, KR Choksey Investment, shares his view on Eros International Media.

ET Now: A sharp drop has been observed by shares of Eros International Media's NYSE-listed parent after some question raised by the investment bank Wells Fargo. The NSE-listed stock duly corrected on Monday. Have valuations become attractive or would you be wary because of all the negative news flow surrounding the stock?
Deven Choksey: On one side, the company has extremely high potential. So, one would like to look at the company with the long-term investment point of view. On the other side, the this particular subject of parent-related issues, for which the company is having some amount of impact, needs to be studied in detail.

Only thereafter one could probably analyse how much impact it could have, if at all, going forward. Till that point of time, I would like to reserve my view on this particular company.