Hold Pennar Industries, says Vijay Chopra

Vijay Chopra of enochventures.com told CNBC-TV18, "There is deep value in Pennar Industries and the stock has been consolidating in the Rs 40 range for quite some time and it happens that several stocks consolidate and then we see a sudden spurt in the stock. A long term investor, for 2-3 years time, Rs 60-70 would be the target.""I see that the group is strong, diversified, they have a decent order book profitability, debt is not a major concern for the company and the kind of infrastructure development which is expected in the next 2-3 years, Pennar would be a major beneficiary at least in the southern part of the country where they have a lot of projects. So, I would say that one should hold on to the stock and the fundamentals are strong," he added.