SENSEX NIFTY
Sep 16, 2013, 05.52 PM IST | Source: CNBC-TV18

Hold Sintex Industries, says Phani Sekhar

According to Phani Sekhar, Fund Manager at Angel Broking, one may hold Sintex Industries. “If everything goes right for this stock over the next two years time frame one can look at a price of around Rs 40-45 at which point one can look at exiting the stock,” he adds.

Phani Sekhar, Fund Manager at Angel Broking told CNBC-TV18, "I would agree that the worst might be over for Sintex Industries but simply because the worst is over it goes not mean that good thing start. There is a time lag and that time lag is important because the problem with Sintex I don't think are the margins and beyond a point even the balance sheet. It is simply that the top-line is not growing because the investment demand scenario in this country is very sluggish.”

“If one has faith over the next three years that situation will resolve itself. Then these are not levels to sell Sintex, it is a good idea to hold on. If everything goes right for this stock over the next two years time frame one can look at a price of around Rs 40-45 at which point one can look at exiting the stock which is almost doubling of the price from these limits,” he added."

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