Stay invested in Alps Industries

Published on Fri, Dec 08, 2006 at 17:07 |  Source : Moneycontrol.com

Updated at Fri, Dec 08, 2006 at 17:16  

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Lalit Thakkar of Angel Broking is of the view that one can stay invested in Alps Industries .

Thakkar told CNBC Awaaz, "For the textil sector the worst seems to be over as the stocks have seen good correction. Alps Industries has good profitability, the company is into high margins home furnishing business and 20% of its revenues are from exports.The stock trades at a PE of 5 to 6 times which is cheap, so stay invested in the stock."

  

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