Avoid Sintex Industries, says Shahina Mukadam

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "With regard to Sintex Industries, the current listed Sintex is the textile business which I believe at current price, it is fully valued. I think the plant, since it just went into operation a year back it will take some time to actually start returning good numbers. So I would avoid buying listed Sintex at the current price."

"The other business which is basically their plastics business, their plastic processing and building product business, I very positive on for the longer term as we as with the government thrust on low cost housing. So I would buy into the other part of Sintex as and when it lists," she added.