First Winner deserves price of Rs 100-130

CNBC-TV18's Managing Editor, Udayan Mukherjee - First Winner Industries will come and go; I don’t think people will talk much about it in a few days time. It’s a textile company and I don’t think the market is focused on that sector right now. It is a trading company trying to make the transition to a garment manufacturer and I don’t know if they will do it successfully.
 
It comes at about 10 PE multiple which is okay but not the cheapest thing one can find in the textile space in this kind of a market conditions. My best guess in valuation terms is that it will probably hold a band of Rs 100-130 probably because it deserves all things being equal to trade in that kind of a band but I don’t if one would want to accumulate that stock today.