Shahina Mukadam, Independent Market Expert told CNBC-TV18, "There are better stocks available in the FMCG space and even in dairy compared to Prabhat Dairy. At the immediate level I wouldn’t be jumping in now. I would prefer to buy it at dips may be closer to the Rs 115-120 type of levels if you see a correction. The reason being simply that it is even at current levels very expensive; it is about 60 times price to earnings (P/E) FY17 earnings."
"Also if you see the margins, it is a very low margin business, EBITDA margin of about 4-5 percent. Even if they grow on a topline basis by 15-20 percent it will take a long time, another two years-three years for the valuations to start looking more attractive. I think at this it will be better if one gets it," she said.