Dilip Bhat of Prabhudas Lilladher is of the view that XL Telecom , Global Vectra looking good for long term.
Bhat told CNBC-TV18, "We recently did a road show for XL Telecom in Bombay and we also track Global Vectra. Two things, as far as XL Telecom is concerned, it has already had a good run up right from Rs 137-139 to almost about Rs 210 plus but just very broadly they are basically into ethanol and solar cells and solar cell is something which really excites us quite a bit. That is one business where by next year they can have almost Rs 500 crore of turnover and operating profit of something like Rs 75-80 crore. XL Telecom in the long run looks still pretty interesting."
He further added, "Global Vectra also has a very interesting model. The financial performance will definitely show almost 40-45% growth for the next 2-3 years. The only problem over there is the low ROC that the company is going to have so that is the trade off but otherwise both the stocks really look pretty interesting in the long run."
