Bombay Burmah safe bet: Porinju Veliyath

Porinju Veliyath, MD & Portfolio Manager at Equity Intelligence India told CNBC-TV18, "I think the companies where they had investment in other companies – Bombay Burmah is a holding company for Britannia Industries. They hold more than 50 percent of Britannia. Britannia is Rs 26000 crore of market cap. This is not any new idea in the market. Today Bombay Burmah is quoting at Rs 3000 crore of market cap. I think there is something like 75-80 percent discount to the real worth of this company. So, it is a question of time this value will be unlocked."

"I see people recommending Britannia at Rs 26000 crore. It makes sense to buy 52 percent of Britannia at Rs 3000 crore. It is a very simple thing and looks like a very safe bet in the market today," he added.