Exit Nitin Spinners at around Rs 69: Vijay Chopra

Vijay Chopra of enochventures.com told CNBC-TV18, "I think one should wait for any rally in Nitin Spinners and get out on rally. There is a lot of debt on the books which makes me quite uncomfortable in today's market scenario because servicing debt is a major problem for most of the companies. So I think there are better options available in the textile space.""Arvind seems to be a better company or Century Textiles and Industries, if one wants to be in textile space. So there are better options available today to invest and make a better return on the investments. So I would suggest that as soon as one gets a rally around Rs 69, one should exit and get into some other stock," he said."I would recommend that one should hold Bata India with a long-term perspective, the medium-term target is Rs 600 and if somebody who has a long-term perspective, definitely Rs 750 is on the cards. The stock has consolidated well on lower levels and this happens primarily with all the stocks and all the good companies that we see lower level consolidation.""So, I think that it is going to slowly climb up, it is a good company, the distribution network is fantastic, they have a fantastic brand recall and I do not think that any shoe brand in India has been able to actually shake Bata in spite of the fact that it has such a huge legacy in number of years behind its name. So I am fairly bullish on the stock and I see Rs 600 coming very soon and Rs 750 if somebody holds with a long-term perspective."