Moneycontrol
Oct 19, 2016 04:37 PM IST | Source: CNBC-TV18

Book profits in Indian Hume Pipe: Prakash Diwan

Prakash Diwan of Altamount Capital Management recommends booking profits in Indian Hume Pipe.

Prakash Diwan of Altamount Capital Management told CNBC-TV18, "I would have recommended booking out much earlier in Indian Hume Pipe. This has been astounding and surprising enough the move and the bonus issue that’s kind of on it way which has spurred the last leg of this rally, but importantly this stock is now got discovered as a pure water play which it deserved to be done much earlier."

"So, my sense is, you have to wait for the PE expansion to be taken place. You will have to wait for the EPS accretion to kind of fall in and then it probably gets worthy of a relook, but at this level definitely you could happily book profits," he said.

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