Enter ESS DEE Aluminium with 6-12 month time frame

Sajiv Dhawan of JV Capital Services is of the view that if one enter in ESS DEE Aluminium with six-twelve month time frame then he/she will get reasonable gains.

Dhawan told CNBC-TV18, ESS DEE Aluminium is not an IPO which from our side we saw much interest or response to but it has reasonably got listing on the first day. I think there will be some interest after the next 2-3 days. It takes time for these stocks to settle down especially when they don't open with such a good cap on the upside. From the valuation's perspective it's reasonable, so it still got a good bit of headroom from that perspective. Next few days it might have to be on a higher risk side because there could be a bit of volatility."

He further added, "You could see the stock moving in sharp swings here and there. But if you got 6 months to 1-year timeframe then by all means enter at the current levels or if it does correct I think you will get reasonable gains. But there is not a lot of information from my, to offer on this particular stock position at the current time.