Shah told CNBC-TV18, "Raymond shifted the production from Thane to Vapi. So they are going to save about 3% on the octroi. The work on 160 acres of land has started. Currently the work has started on 15 to 20 acres of land at Thane. Now these 160 acres is worth Rs 1600 crore, which is more than the market cap of the company. So you are getting a two and a half thousand crore business of Raymond for absolutely free. This is one stock which we believe should give you fabulous return, we are at least targeting a price of about Rs 325 in a year's time."
He further added, "Cotton prices have moved up but cotton yarn prices have percentage wise moved up much higher than cotton prices. So all the spinning companies like Vardhman , Nahar should do very well. In Vardhman we are expecting earnings per share of about Rs 35. They are planning to some kind of restructuring with the steel business, the alloy steel business. So I think this is one stock which can again give you about 30% kind of upside you know from the current levels of about Rs 270."
