Alpha Ideas 20-20: Aveksat Financial’s Aveek Mitra Thinks This Century-Old Engineering Company Is An ‘Interesting Idea’ 
An employee uses a drill while working on a water pump at a factory in Chennai, India (Photographer: Dhiraj Singh/Bloomberg)

Alpha Ideas 20-20: Aveksat Financial’s Aveek Mitra Thinks This Century-Old Engineering Company Is An ‘Interesting Idea’ 

Listen to Article

Aveksat Financial Advisory’s Aveek Mitra thinks Greaves Cotton Ltd. is an “interesting idea”.

Though the stock has not done much in the last four years, high return ratios and healthy dividend makes this century-old diversified engineering company an attractive bet, the founder and chief executive officer at the investment and portfolio advisory firm said on the sidelines of Alpha Ideas 20-20 event in Mumbai.

The company has also announced a buyback at tender price, the lifetime high price for the share, Mitra said. “The goods and services tax induced long-term tailwinds and metro rail provides fillip.” Besides, its strong brand presence and customer base are other advantages, Mitra said.

Watch the full video here:

Disclaimer: The commentary on BloombergQuint represents the view of external experts. Investors are advised to consult a certified financial advisor/planner when making any investments. No views shared on a BloombergQuint program or story or conversation should be construed as personal advice.

Quintillion Business Media Pvt. (BloombergQuint) is not responsible for any risk or loss that might occur as a result of using this information in any way, regardless of your interpretation of the advice.

Aveksat Financial Advisory is a SEBI-registered investment and portfolio advisory firm.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.