Havells will tend to disappoint from a valuation standpoint: Sonam Udasi

In a chat with ET Now,Sonam Udasi, Head of Research, IDBI Capital , shares his views on Havells.

ET Now: On the charts Havells, may be a bit soft today otherwise it has had a splendid week?

Sonam Udasi: Yes, it has but see that is because from the portfolio managers perspective that is the only sort of large cap capital goods play that they can have but I suspect that will tend to disappoint from a valuation standpoint going forward. Their Sylvania business has not been doing well so far margins have been under pressure and the valuations at current juncture are above 15.5 times EV/EBITDA quite rich.