Prefer Siyaram Silk Mills, says Sahil Kapoor

Sahil Kapoor of Edelweiss Broking told CNBC-TV18, "Siyaram Silk Mills is an integrated textile manufacturer which has moved towards being a player in the branded space and also focusing itself into readymade garment segment. The readymade garment segment has grown about 15 percent CAGR from '09 to '14 and from '14 to '19 it is expected to clock a CAGR to about 12 percent.""So overall if you look at branded garments, they are going to clock in at about 48 percent of sector market share by 2019 and in terms of opportunity size, the total market size is USD 108 billion currently and it is expected to grow to about USD 221 billion by 2021. So on a macro front, there is great opportunity for Siyaram and in terms of demographics and income levels which are rising significantly, it is going to benefit.""Urbanisation is a theme which we wrote about; in which Siyaram was our top pick. So in terms of numbers also it is doing well. We are constantly seeing revenue and on the revenue and EBITDA front, it is gaining traction because of the rising share of readymade garments. So we feel slowly and steadily as it moves towards readymade garments and with the kind of brands that it has right now, Siyaram, J. Hampstead, Oxemberg, all these are going to be revenue accretive for Siyaram Silk Mills and we expect the stock to do well going forward," he added.