Positive on Force Motors: Jagdish Malkani

In a chat with ET Now, ​Jagdish Malkani, Member, NSE & BSE, shares his views on Force Motors.

ET Now: On the charts Force Motors?

Jagdish Malkani: This is they have had, they have rejig the whole holding, the Bajaj’s have sold out the Bajaj Holding, this was a part of that whole imbroglio of the Firodia’s and Rahul Bajaj Group and ever since then the stock has gone again it was 400 odd, again two-three months ago.

Lot of initiatives going on, lot of cash in the books, so the book value alone is some 900 whatever this new off road vehicle called the Gurkha. Apparently very good reviews are coming, so big plans ahead but I know for the fact that last year its EPS and all little overstated because some tax write back etc. It is stretched but these auto stocks are on a tier and they have strong plans and the Firodia’s themselves bought a lot of stock some of that what Bajaj Holding sold but again caution, it is anything that has run up so fast and it still has but it is a good story for sure.