Walchandnagar Industries looks good for long term: Gaurang Shah

Gaurang Shah of Geojit BNP Paribas told CNBC-TV18, "We do have positive coverage on Walchandnagar Industries and this is purely on fallback of the defence foray that the company has planned and initial investment being kick-started. If you want to reap the benefits of Walchandnagar, foraying into defence, my advise is that one should change your short-term time horizon to long-term and by long-term that translates into at least more than two and half to three years kind of time horizon because it will take time to have a positive impact on the balance sheet as far as the defence FDI foray is concerned.""From hereon, immediately from a short-term to medium-term point of view, you would at best make trading bounces or small profits but if you want to make best out of investment then translate your short-term to long-term," he added.