JustDial: If investors wait they will get good prices says P Phani Sekhar

In a chat with ET Now, P Phani Sekhar, Fund Manager-PMS, Angel Broking shares his view on JustDial

ET Now: JustDial issue what did you make of it after yesterday’s pop?

P Phani Sekhar: Well it was expected to appreciate but we have a pathological problem with high priced issues so despite whatever lofty growth numbers and low sky horizons that analyst might talk about. We would typically stay away from these kind of issues especially immediately after listening and actually we have not done too badly for ourselves because if you actually look at the last two years issue so all these issues in spaces such as consumption have actually comeback by around 20% to 25% from the issue prices. So if investors wait they will get good prices going forward.