Look at Asahi India: Prakash Diwan

Prakash Diwan of Altamount Capital Management told CNBC-TV18, "Asahi India Glass focuses on automotive, in fact that is what caught my attention but then I realised it is much more than just an automotive play. They own 70 percent of the market share in Indian automobile glass supplies. However, they have also crested a very strong niche in high performance glass stuff that we use in lieu of other stuff like marble and granite in kitchens." "You also have float glass which its one of it's style. A great company of course if you see the earnings where they have just started kind of catching up with the pace that you would want it to be justified at higher multiples but with great pedigree also. There is lot of institutional interest. Recently it got included in MSCI smallcap index, just about a couple of months back. There is enough headroom for institutional interest also," he said.