Nov 30, 2016 03:22 PM IST | Source: CNBC-TV18

Hold Sintex Industries, says Shahina Mukadam

According to Shahina Mukadam, Independent Market Expert, one may hold Sintex Industries.

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "One should continue to hold Sintex Industries. I think the demerger of the two businesses, textile as well as the existing business, would add value. At the same time, if you look at the consolidated company also in terms of pure valuations, it is pretty attractive; EV/EBITDA is just around 7 times, P/E of 6 times FY17. So, I think on the whole the company looks attractive, good growth, they are well funded, they had the recent rights issue, so all in all it is a decent investment for the longer term."

At 15:01 hrs Sintex Industries was quoting at Rs 77.50, up Rs 1.15, or 1.51 percent on the BSE.

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