Spanco is a good stock from medium term perspective: Gurunath Mudlapur

Gurunath Mudlapur, Director, Atherstone Capital Markets Ltd. in an interview with ET Now talks about Spanco.

Spanco, your take on this one? Good headroom left or probably this spike has pretty much capped it?

In the current prices this news now that it is already in the market with the prices reflecting most of the upside which is possible in the shorter term for the stock. Otherwise I think that in the medium term with this order the stability of the business automatically is in place and again there could be more orders coming in the coming time.

So from that perspective it is a good stock and there would be performance of the stock but currently I think in the shorter term it is nearing the potential as to where it can reach.