Force Motors, wonderful buy on valuations: CA Rudramurthy

CA Rudramurthy BV at Vachana Investments told CNBC-TV18, "Force Motors is having its business in a niche area and recently there is also an approval which they have got along with a plant that is coming up with Chennai exclusively for the production activities. Their PE multiple is attractive when I compare it with it's peers. It is hardly trading at 20-25 PE multiple and someone who has a timeframe of two to three years can definitely look into buying Force Motors.""It is a company which has a return of equity close to 20-25 percent and return of investment close to 40 percent, a profit growth of about 40 percent which makes it a wonderful buy on valuations. Definitely it is a stock which can further move up from current level and it is good to bet on the winning horses than on something which is not doing good," he said.