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Jan 10, 2007, 03.35 PM IST
VVLN Shastri of Firstcall India Equity Advisor is of the view that one can book profit in Nahar Export.
Shastri told CNBC-TV18, "Nahar Exports de-merging its financial services entity and the spinning unit into two different units, for that even they got court approval for convening a shareholders meeting but I feel as of now this is a conglomerate like with financial services inbuilt in that and also spinning mill within the part of their whole business. But in terms of real performance the company was a laggard till the Q4 of 2005-06 because the company could not show positive net profits till Q4. But it started showing a kind of turnaround from Q1 onwards but I feel with these kind of companies one should see the sustainability of earnings and continuation of the growth rates of the company is showing for a while and take a re-look in terms of investing. So whoever is holding it use these higher levels for profit booking and wait for corrected levels to re-enter into this stock."
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