Stock of the Day: Anil Singhvi says invest in Federal Mogul, valuations are attractive
Zee Business Managing Editor Anil Singhvi said that Federal Mogul is the best preferred out of 3 offer for sale (OFS) today. He said that the company did try OFS 2 times but failed both times. Singhvi said that the stock has fallen from Rs 660 to Rs 250. He said that Valuations of this MNC Company are extremely attractive
Singhvi said that the key point to understand is even after reducing stake by 20%, these MNC company promoters will be holding 75% stake: Zee Business