Sintex Industries may see 15-20% upside: Mohindar

Sintex Industries may see 15-20% upside, says Rahul Mohindar, Director, viratechindia.com.

Mohindar told CNBC-TV18, “Sintex Industries, if one looks at it that stock looks pretty good to me, at least from a trading perspective. I think the next 15-20% is probably on the upside and I won’t hesitate even getting into the stock now with or without that result or that news that came in. I think it still makes sense to buy it.”
He further added, “If one looks at Orchid the stock’s been under a lot of pressure. I don’t think you are going to see anything major on the upside. What would really trouble one is if it breaks the level of Rs 115 the stock may actually see newer lows, but again within pharma I was pointing out you could look at a Cipla, you could look at a Glenmark, they make much safer and much better bets at the current point.”