Sintex Industries may touch Rs 33-35: Ambareesh Baliga

Ambareesh Baliga of Edelweiss Financial Services told CNBC-TV18, "Numbers were better than what people were expecting in Sintex Industries. Rupee is also stabilising at these levels. That was one of the major issues for Sintex and after seeing a lot of about Rs 18-19, we have seen this decent bounce back. This could continue to above Rs 33-35."

At 11:08 hrs Sintex Industries was quoting at Rs 27.80, up Rs 0.85, or 3.15 percent. It has touched an intraday high of Rs 28.45 and an intraday low of Rs 27. The share touched its 52-week high Rs 75.10 and 52-week low Rs 16.90 on 16 October, 2012 and 04 September, 2013, respectively. Currently, it is trading 62.98 percent below its 52-week high and 64.5 percent above its 52-week low. Market capitalisation stands at Rs 870.45 crore.