Phani Sekhar, Fund Manager of Angel Broking recommends selling Tata Global Beverage on hike of another 10-20 percent from current levels.
Phani Sekhar, Fund Manager of Angel Broking told CNBC-TV18, "There is certainly a lot of hype about Tata Global Beverage . They have strong brands and there is a great strategic plan which they have laid out for the investors. One just hopes that they execute well on those plans. If one looks at the return on equity parameters, the general functioning and the assets of this company they are pretty different from an FMCG company."
"The return on equity will not be comparable to the kind of valuations that investors are ascribing. However, this is a slightly medium to long-term horizon thing, so it will be a good idea to ride this for a while but not to forget to book profits at levels of another 10-20 percent from these levels," he said.
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Dont see mkt going anywhere now; like Bharat Forge: Dipen