Wait for correction in Mahindra Holidays: D Mehta

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Wait for correction in Mahindra Holidays: D Mehta

Dipan Mehta, Member, BSE/NSE feels that one can either wait for Mahindra Holidays to correct below its IPO price or wait for the company to come out with numbers which can surprise you.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Dipan Mehta See what other Experts & Brokerages are saying about Mahindra Holidays See messages about Mahindra Holidays Mahindra Holida BSE | NSE 10/02/12 Are Mutual Funds betting on Mahindra Holida?

Dipan Mehta , Member, BSE/NSE feels that one can either wait for Mahindra Holidays to correct below its IPO price or wait for the company to come out with numbers which can surprise you.

Mehta told CNBC-TV18, "In Mahindra Holidays I think either wait for the stock to correct below its IPO price or you wait for the company to come out with numbers which can surprise you. Because as of now based on the available information the PE multiples are on the higher side perhaps in the excess of 30 times or so. That is a bit discomforting. Perhaps there is not enough margin of safety for investors to buy at these levels. So either you wait for the performance to justify these prices as a buy, or you wait for a correction."