GM Breweries, 8K Miles merit a look on fundamental strengths: Sudip Bandyopadhyay

In a chat with ET Now, Sudip Bandyopadhyay, Market Expert, shares his view on GM Breweries.

ET Now: On the charts GM Breweries and 8K Miles?

Sudip Bandyopadhyay: Yes, I think there are some interesting developments happening in both the counters, and of course, I am not sure whether at this kind of valuation one should enter these counters. But, otherwise, both GM and 8K Miles are doing well on the business side.

The market share which they have in the specific categories is pretty strong. 8K Miles has got a solid product and product pipeline as well, so there is a merit in looking at the stock on a fundamental basis. However, valuations have already reached a level from where incremental appreciation will be difficult. So, yes the good stocks the valuations has reached a level, but current level we are not recommending anybody to look at these.