Hold Jubilant Foodworks: Pankaj Pandey, ICICI Direct

Pankaj Pandey, Head Of Research, ICICI Direct, in a chat with ET Now, gives views on certain stocks


Anything from the theme based stories in the broader markets that you are liking right now? We saw unprecedented move in Jubilant Foodworks, VIP, TTK Prestige anything out of that ambit that you still like and are convinced to buy?

In terms of our overall view we feel that these stocks are quite pricey at current levels. For investors holding them, it is better that they hold these stocks. Probably ride the momentum, but fresh entry into these stocks should be avoided. In case if you see some sort of a negative event turning out it will be better to book profits rather than make entry. One should be really entering into these stocks if you have a slightly longer term perspective of three to five years otherwise we are not really advising entry into these stocks.