Investment Consultant Sanjay Chabria is of the view that one can hold Bannari Amman Spinning Mills at current level.
Chabria told CNBC-TV18, "Bannari Amman Spinning Mills has gained around 30% in the last one month. At present I have a hold call on this stock. The stock has a good pedigree of Coimbatore based Bannari Amman Group and I had mentioned that this is a long-term play on the textile sector.
He further added, "It came as an IPO in October 2005 at Rs 135 per share for expanding it's spinning and weaving capacities and for foraying integration into processing, garmenting and home textile facilities. It has invested in windmills for power generation also. So at the current moment it is better to hold on to the stock and investors can look into to buy the stock at lower levels."
