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Nov 28, 2006, 07.07 PM IST
Shahina Mukadam of IDBI Capital Market is of the view that one should book some profit in Atlanta because its business does not justify the valuations.
Mukadam told CNBC TV18,"There is a lot of opportunity in Atlanta. It is mainly in the roads businesses of now and there is a huge order book position but the issue over here is the margins are low, that is one and two is that at current levels stock is extremely expensive. It has run up so much it is 100 times 07 earnings."
She further added, “There is some news of real estate development that the company is getting into because of which the stock has rallied very sharply in the recent past. So book some profit because existing business really does not justify such valuations and maybe look at other alternatives in the sector.”
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