Gujarat Pipavav is a good buy: Parag Thakkar, HDFC Securities

In a chat with ET Now, Parag Thakkar, Head-Institutional Sales at HDFC Securities shares his views on the market. Excerpts:

ET Now: What do you like - Strides Arcolab or Gujarat Pipavav Port?

Parag Thakkar: We have tracked Gujarat Pipavav and we liked the story, but the stock has run up significantly. Hence, it looks stretched valuation-wise. Otherwise fundamentally, it remains very good.

ET Now: Do you like the numbers? 80 crores is what they have delivered.

Parag Thakkar: Ports is a very predictable business, so there is no surprise in these numbers. These numbers were also expected, but the only thing is that the valuation have run up significantly.