Positive on Jain Irrigation with longer term perspective: Paras Adenwala
The run up has been too fast. I am very positive on the company with a longer term perspective but for the run up that it has seen, the valuations at about 18.5-19 times on FY11 do not leave too much scope for that appreciation.
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| Paras Adenwala, MD & Principal Portfolio Manager, Capital Portfolio Advisors
Is it a good time to take money off the table or still stay long on Jain Irrigation with the kind of run up that we have seen in this stock?
The run up has been too fast. I am very positive on the company with a longer term perspective but for the run up that it has seen, the valuations at about 18.5-19 times on FY11 do not leave too much scope for that appreciation.
Is it a good time to take money off the table or still stay long on Jain Irrigation with the kind of run up that we have seen in this stock?
The run up has been too fast. I am very positive on the company with a longer term perspective but for the run up that it has seen, the valuations at about 18.5-19 times on FY11 do not leave too much scope for that appreciation.
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