Nifty IT Stocks Rally: A price bounce or a sector turnaround?
PrimeInvestor Research Team
August 4, 2026
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N V Chandrachoodamani
Chandrachoodamani started his capital market career in mid 2000s with Equity Intelligence India and then worked with several capital market Intermediaries in various roles over the last 15 years. Most of his career experience has been in equity research and PMS. Most recently, he was with MOAT, a PMS firm. He is a graduate in mathematics, a post graduate in finance, and holds a CFP certification. LinkedIn|Twitter
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2 thoughts on “Prime Stock alert: Shifting this auto stock from HOLD to BUY”
Hi Chandrachoodamani,
Considering current valuation, it seems to be overvalued? please provide your thoughts on the same ?
Thanks,
Vijay
Welcome your query sir
It is a growth stock with good prospects for reason mentioned in the report.
Asahi and Saint Gobain (major biz not listed) are dominant players with huge brand recall in domestic Industry.
Risk to earnings growth comes only in case of Govt. policy reversal in favor of glass imports, which is unlikely.
On the other hand, domestic players such as Gold plus glass factory and Vikram solar are gearing up for IPO.
Currently at 25 times, every 17 rupees fall will make it cheaper by 1 PE. You can make the entry valuation cheaper by buying it on bad days in the current market situation
Thank you
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