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Last Updated : Sep 16, 2014 10:53 AM IST | Source: CNBC-TV18

Prefer Sarla Performance Fibers: Mehraboon Irani

Mehraboon Irani of Nirmal Bang Securities is of the view that one may prefer Sarla Performance Fibers.

Mehraboon Irani of Nirmal Bang Securities told CNBC-TV18, "Sarla Performance Fibers has been listed for over 20 years and it has been a consistent performer, a low profile company and the textile sector is one where I have been quite vocal stating that this is a sector which should remain in focus in the months to come. Quite a few textile stocks have gone up, Sarla is no exception. But what is interesting is that they have recently set up a plant in January 2014 in Carolina in US and that is the next trigger for the company because they come under NAFTA & CAFTA which gives them things at very concessional rates."

"The US story of this company is going to virtually be a very big positive trigger for the company. Earnings per share of around Rs 45, 75 percent dividend paying company, promoters quite decent and they know what they are doing. And if this US story takes up the way I am expecting it to take off, their earning should be at least Rs 80-90 in the next two years," he said.

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First Published on Sep 16, 2014 10:53 am
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