Hold Prabhat Dairy, may test Rs 150: Vijay Chopra

Vijay Chopra of enochventures.com told CNBC-TV18, "I think that all the dairy companies are long term consumption stories and I am fairly bullish on all the consumption stories, barring the fact that this blip has happened primarily because a lot of the collections happen through cash and with demonetisation until and unless the cash circulation is in place. I think dairy companies are going to face a lot of problem, because whatever milk they collect from farmers it is primarily cash collection, so they have to find out new ways, they have to tweak their business model a bit and their payment models as well, so I think that it would take some time about 3-6 months, but again I am fairly bullish on all the consumption stories.""Prabhat Dairy seemingly is a good company, the results have been good and growth has been good, so I believe that if somebody holds on to this company, needs to have patience and the stock can reach Rs 150 odd," he added.