Stay with Sintex Industries, says Gaurang Shah

Gaurang Shah of Geojit BNP Paribas told CNBC-TV18, "We do have coverage on Sintex Industries. There has been almost six months to a year of underperformance and somewhere we feel that underperformance is going to be a thing of the past. We are targeting Rs 144 but the time horizon could be extended to one and a half years if one can.""The new product launches that the company has done and other business verticals are likely to contribute to a great extent. Along with this, they are having a decent market share in terms of water storage tank, repeat orders are quite strong and replacement market ever robust. Government's initiative in terms of Swachh Bharat Abhiyan should also add to the orders of this particular company. So stretch your time horizon to a year and a half," he said.