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Investment Advisor, PN Vijay is of the view that one should hold Gujarat Alkalies and Chemicals.
Vijay told CNBC-TV18, "The news that the government is going for disinvestment has totally changed the outlook on Gujarat Alkalies and Chemicals because from now on it will become a disinvestment play. On the fundamentals, I would not recommend it because that sector is getting pricing pressures and one would not buy that but when you do a privatization, a tremendous value gets unlocked by potential bidders and you get an open offer, so that is really driving the stock and the person should just hold the stock."
May 20 2013, 15:05
- in MARKET OUTLOOK
May 20 2013, 12:21
- in Commodities