No significant upside in Satluj Jal expected: Seshadri Bharathan

In an exclusive interview with ET Now, Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, talked about Satluj Jal. Excerpts:

What would you recommend to investors on Satluj Jal?

I think it's a very small company. The total installed capacity is around 1500 megawatt. The book value is around Rs 18, earning per share is around 2.35 to 2.40, and we do not see any significant upside in the stock for the next couple of years. So my sense is that investors who are looking to invest in growth stock should avoid this and my recommendation would be to sell the stock.