Check out: Two top picks from Antique Stock Broking

Published on Fri, Mar 12, 2010 at 14:33 |  Source : CNBC-TV18

Updated at Mon, Mar 15, 2010 at 11:00  

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Sandeep Shenoy, Antique Stock Broking

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Antique Stock Broking is holding an investor conference. In an exclusive interview, Sandeep Shenoy of Antique Stock Broking, speaks about the conference and various stocks.

Here is a verbatim transcript of the exclusive interview with Sandeep Shenoy on CNBC-TV18. Also watch the accompanying video.

Q: What was the most interesting theme at your conference?

A: The company, probably one of the smaller companies attracted the most interest, was ICRA because more than financial services company, I think it's the barometer or it probably gives a head into what the economy and the most of the corporate India is doing. So, surprisingly the smallest company turned out to be the most interesting company for quite a lot of investors here.

Q: What about textile companies?

A: Textile is one of the few sectors, which has been an underperformer from a stock market perspective. But from an operational perspective, I think in the last two and a half to 3 years, probably it was one of the largest employer as a sector in India. It could be in for good times because input side is getting stable.

On output side, the export markets, despite the currency gyrations are going to be much better in days to come. Once the demand picks up in the EU and US and of course the China factor because China is a very formidable competitor in this sector, but I think the macro scenario and people trying to rely on an alternate source of supply namely India, could be boarding well for the sector. Companies like what we showcased, who have size scale and a beachhead in the most developed countries because of the brand could be in for a good time.

  

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