Buy Alok Industries, says Tulsian

Excerpts from Your Stocks on CNBC-TV18 Watch the full show » RELATED NEWS Alok Industries a safe stock: Irani Alok Industries can test Rs 30: Bhambwani ALSO READ See previous views by SP Tulsian See what other Experts & Brokerages are saying about Alok Industries See messages about Alok Industries Alok Industries BSE | NSE 10/02/12 Are Mutual Funds betting on Alok Industries?

Buy Alok Industries , says Investment Advisor, SP Tulsian .

Tulsian told CNBC-TV18, "In textile this time, I think there are hopes of the revival of the demand that is why we are seeing prices going up. The domestic market has been very kind with all these makers and even the overseas market especially if we take the case of Arvind for denim; there has been better realization and the stock is going up. But I would add the connection of realty also with all these four stocks; three of them having presence and maybe the unlocking of the value in the form of realisation from realty. Alok is exiting because they are correcting their mistake having investing over Rs 3,000 crore in realty and they are moving out of that, so that will de-leverage their balance sheet."

He further added, "I am quite optimistic on all the unlocking of the value happening in all these three companies whether you talk of Raymond , Bombay Dyeing or Arvind and even for Alok if they are able to mobilize about Rs 2000- 2500 crore in the next 12-18 months, I think that can put them back on track. "

"Incase of Raymond, I may not be very comfortable entering at these levels because you have seen the stock going up by  about 18-20% so one could wait for the dips to come and at that time one could start buying. Century Textile also just started just recently on the textile front could be a good buy, Arvind looks quite good a buy at these level and even Alok but since they have been de-leveraging their balance sheets it looks a good stock to buy at these levels."