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Oct 11, 2017 03:19 PM IST | Source: CNBC-TV18

Book profits in Goa Carbon: Shahina Mukadam

Shahina Mukadam, Independent Market Expert is of the view that one may book profits in Goa Carbon.

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "The numbers of Goa Carbon were excellent. Good numbers, volumes up strongly. I would suggest that the investors partly book profits, the simple reason being that the stock rally has been very huge from Rs 100 in a short period of time, it is close to Rs 625 type of levels."

"And secondly, it is a very small company and valuations are expensive. If you take a EV/EBITDA, on those basis as well as P/E basis it is very expensive. So part book profits and part you can hold for the longer term," she added.
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