Prabhat Dairy looks good for long term: Avinash Gorakshakar

Avinash Gorakshakar, Market Expert told CNBC-TV18, "Prabhat Dairy - from a longer term perspective this value definitely looks attractive because they have a large presence in the branded dairy space, in fact clearly the kind of opportunities in the dairy business is significant. If the investment outlook is over the next say 12-15 months definitely the risk reward from this stock price would definitely be quite good.""In the shorter term, I think there would be some short term gain. The demonetisation impact and the fact that lot of cash is involved in the dairy business would mean that Q3 may not be all that great. We could see a slowdown or maybe some impact on the margins and topline in Q3. So, taking a longer term perspective, I think it definitely looks good but in the shorter term there could be some pain going forward," he added.