Crompton Greaves looks good for long-term: Kotak

Crompton Greaves is looking good for long-term, says Sanjeev Prasad, Kotak Institutional Equities, Securities.

Prasad told CNBC-TV18, "If you want to stay invested in capital goods name for some time you can look at buying some of the names, which have a longer-term future. Something like Crompton Greaves for example looks good in the longer-term also. But I have my concerns about some of the names like infrastructure developers where a combination of high interest rates and somewhat core execution is going to hit the equity valuation quite seriously, I don