Havells seems a decent buy post run-up and correction: Gaurang Shah, Geojit BNP Paribas Financial Services

In a chat with ET Now, Gaurang Shah, VP, Geojit BNP Paribas Financial Services, shares his view on Havells.

ET Now: Havells is looking weak; it has corrected significantly from the highs and today it started a fresh dash downwards. Do you think there is enough in the price to discount the bad news that came out recently?

Gaurang Shah: From 320-325 odd levels, when this bad news came, the stock corrected quite sharply. It is now trading at round about 250-odd levels. Now we are again seeing correction.

I guess the large part of the bad news is already there in the price. But I think orders will start tricking in for companies like Havells. So, from an investment angle if somebody wants to, then post the run-up and the correction, some buying should definitely be there in Havells. Not 100%, but perhaps 30-40% depending upon the risk appetite.