Fair price for Sintex at Rs 65-70: Rajen Shah

Rajen Shah of Angel Broking sees some upside in Sintex Industries. According to him, Rs 65-70 would be a fair price for Sintex.

Shah told CNBC-TV18, “Sintex Industries’ numbers have been okay. The rise in the profit is more because of this tax reversal and increase in other income. If you see, it reported about Rs 11 kind of earnings.” 'Probably, we could see some upside because the stock is at Rs 54. I think Rs 65-70 would be a fair price for Sintex. That’s about 20-25 percent kind of upside. That’s what we expect,” Shah added.