Buy Crompton Greaves, says Radhika Gupta

Buy Crompton Greaves, says Radhika Gupta, Director, Forefront Capital Management.

Gupta told CNBC-TV18, "Crompton Greaves from a valuations basis given that the last round of results it was hit quite badly and then the last two days it has lost about 30%. I think our stance on Crompton is that it still a very strong player in the components and capital goods space."
She further added, "There have been short-term problems, but we have used some of the management, the CEO living as a positive, we thing the company is fundamentally on its way to being a blue chip company and that numbers it is trading at look very attractive, so certainly Crompton would be a buy."