Look at Amtek Auto: Prakash Diwan

Prakash Diwan of Altamount Capital Management told CNBC-TV18, "For Amtek Auto, one thing which is very heartening to hear from Gautam Malhotra is that it is an EPS accretive acquisition and it is only acquisition which a long drawn that makes you slightly worried about how things behave. However, for a company like Amtek Auto scaling up on a global platform, this is important. They cannot only depend on organic growth all the time."

"The last few acquisitions that they have made have been at very decent pricing; they have not overpaid for anything. I am only worried in terms of the huge debt that keeps on getting accumulated and which has been there for a while now. Cash flows from the business do make it look serviceable enough on paper but that is always a worry in case there is a slowdown and especially since they are largely focused on to the European market," he said.

"Now that we are in a right spot of sorts with the ECB stimulus but if Europe goes down even a tad bit, these kind of companies do get impacted and the debt servicing gets slightly challenged. Otherwise, it is definitely a thumbs up for the company and today's market would also see it very positively in terms of stock reaction."