Investment Advisor, PN Vijay is of the view that one can stay away from textile industry.
Vijay told CNBC-TV18, "Textiles would get back to the center considering that in the real economy it is the biggest industry but it is not lived up except for odd Alps Industries , which has shown some great earnings. So I would not advise retail investors to get into the space unless we see couple of quarters of strong numbers because the valuations are very attractive compared to replacement value but not enough earnings momentum at all."
Disclosure: Analyst holds IDFC and Reliance Communication.
