Shah told CNBC-TV18, "The demand for fabric is going at a very robust pace in the domestic market, exports are doing reasonably well, even cotton yarn prices vis-เ-vis cotton prices have moved up significantly, so companies which are into spinning like Vardhman Textiles should do well, even Arvind should do very well. Raymond look very interesting."
He further added, "Alok Industries done well in the last quarter and should do well in the coming quarters but the problem is the management. Now that they have decided to exit the real estate business maybe we will see some activity in Alok but I am a little concerned on the management. It should do reasonably well maybe about Rs 30-32 levels in a year time frame cannot be ruled out. But it all depends on where exactly the funds which the company would be getting from selling off the real estate business will be deployed."
Disclosure: My clients & I may have an investment interest in the above stock.
