Hold Sintex Industries, says Shahina Mukadam

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "On Sintex Industries I am more positive on the other half of the business that is the Sintex Plastic where I think the company enjoys a very strong brand and that definitely is a stock one should hold for the very long term. As far as Sintex Industries go it is in textiles, I think there is a lot of debt on the books of Sintex Industries."

She further added, "The stock I believe is in a consolidation phase. At the same time I would give a hold and maybe one can switch at higher levels say maybe Rs 28 simply because of the business and the debt. Overall there is potential, but since it is a new business it is going to take some time. One can, in fact switch and add on to Sintex Plastics from Sintex Industries at higher levels."