Remain invested in Nitin Spinners: Rajesh Agarwal

Rajesh Agarwal of Aum Capital told CNBC-TV18, "Nitin Spinners - if you look at the numbers, the last two quarters has been quite good and going forward we believe the performance to be repeated. Moreover the company's expansion once it goes onstream fully and second half of 2016 would again add to the numbers. So we are positive on this stock as well as the entire textile sector as such.""We would suggest holding onto the stock. Even on the valuation parameters if you look FY17 earnings is discounting at less than 10 times earnings. So all in all, we would suggest a hold with a price target of maybe Rs 90 in the next one year," he added.