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Last Updated : Aug 07, 2015 01:21 PM IST | Source: CNBC-TV18

Look at KEI Industries,Himatsingka Seide, TNPL: CK Narayan

CK Narayan of Growth Avenues is of the view that one may look at KEI Industries, Himatsingka Seide and Tamil Nadu Newsprint and Papers.

CK Narayan of Growth Avenues told CNBC-TV18, "Nitin Fire Protection Industries has had a strong run but Tamil Nadu Newsprint and Papers (TNPL) which is breaking out of a larger range, there is still a lot more room in it. KEI Industries has come out with very good numbers. That is where we should see a lot more pick up. We recently read about larger broking houses getting into this stock, it is now getting coverage and typically whenever a stock gets coverage, that is when it starts to move. It has being the trend world over. So what we will see is a series of increase in coverage by broking houses into all these stocks and that would set the next bunch of stocks out."

"Within that space, I would look at stocks like KEI Industries. Himatsingka Seide has been on a run but then the Chinese overhang is always there over Himatsingka. If you look at spinning units from down south, many of them are the ones which will do very well. You take Suryalakshmi Cotton Mills and RSWM, they do phenomenally well and then if you go further north, Vardhman Textiles is the one which is doing well and you have got several such names which will probably do well," he said.

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First Published on Aug 7, 2015 01:21 pm
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