Buy Consolidated Construction for long term: PN Vijay

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Buy Consolidated Construction for long term: PN Vijay

Portfolio Manager, PN Vijay is of the opinion that one can buy Consolidated Construction Consortium with a long-term perspective.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Cons Const sees FY09 revs at Rs 1,700-1,800 cr Consolidated Const to give 30% returns in one yr: Vijay Consolidated Const debuts with 57% premium ALSO READ See previous views by PN Vijay See what other Experts & Brokerages are saying about Consolidated Const See messages about Consolidated Const Consolidated Co BSE | NSE 30/05/12 Are Mutual Funds betting on Consolidated Co?

Portfolio Manager, PN Vijay is of the opinion that one can buy Consolidated Construction Consortium with a long-term perspective.

Vijay told CNBC-TV18, "Depends on my perspective; if I am a long-term investor I can pick Consolidated Construction Consortium. Maybe it will go down another Rs 25 probably as retail investors cash out especially those who have taken funding and invested into the IPO. But it's a reasonable price to take it for the one-year timeframe, it should give more than 30% returns. So if one is a long-term investor go and buy it now."