Shah told CNBC-TV18, "One of the segment which is going to be benefited immensely because of this education space doing well and not directly to education but education space doing well and which has been my favourite for quite a while which did pretty well but has come back to interesting levels is BILT (Ballarpur Industries). The stock has come down to Rs 26-27 and the growth of the paper industry is related to growth of education industry. Even the Sarva Shiksha Abhiyan (SSA) has moved up substantially over the years. I think paper industry should benefit also because of growth in the economy, reasonably good growth of 6-7% in the economy."
He further added, "BILT looks pretty interesting the stock was Rs 40 hardly about a year back or so and it has come down to Rs 26 level. In fact the management has increased stake in this company from 40-49% subscribing to shares at Rs 30 and you are getting it 15% cheaper than the price which the promoters paid for hiking the stake. We also need to recollect that two years back the management of BILT bought back shares for Rs 30. So it looks pretty interesting and somebody with two years kind of time frame can easily end up making 50% tax free. You don't need any brains to invest in this stock; it looks interesting at this level."
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