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Last Updated : Jan 03, 2018 02:50 PM IST | Source: CNBC-TV18

Hold Sintex Industries, says Shahina Mukadam

Shahina Mukadam, Independent Market Expert is of the view that one may hold Sintex Industries.

CNBC TV18 @moneycontrolcom

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."
First Published on Jan 3, 2018 02:50 pm
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