Again an opportunity to add.. In 2016 targets are 150.
Rajesh Agarwal of Aum Capital is of the view that one may remain invested in Nitin Spinners.
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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. Tags Rajesh Agarwal Aum Capital Nitin Spinners
Pankaj Jain of SW Capital told CNBC-TV18, "The investors should hold on to Nitin Spinners . On average if we see 2015, for good textile, spinning companies, they have done pretty well for themselves and for the investors and this company after having seen levels above Rs 100, it has corrected a bit, but Q2 results were strong, the management commentary after the Q2 results were strong, company is into expansion mode and they expect that topline and bottomline to grow in a decent way in coming quarters." "Generally we have seen that positive momentum along most of these textile related stocks, spinning and cotton blended kind of stocks are back into action after having corrected a bit. So overall perspective for decent textile stocks is positive and I believe that stock could again attain levels closer to Rs 90 in next few months. So as of now one should keep on hanging to the stock and expect much better performance from the stock in coming quarters or coming months," he said.
Rajesh Agarwal of Aum Capital is of the view that one may remain invested in Nitin Spinners.
Read Full Story
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. Tags Rajesh Agarwal Aum Capital Nitin Spinners
Pankaj Jain of SW Capital told CNBC-TV18, "The investors should hold on to Nitin Spinners . On average if we see 2015, for good textile, spinning companies, they have done pretty well for themselves and for the investors and this company after having seen levels above Rs 100, it has corrected a bit, but Q2 results were strong, the management commentary after the Q2 results were strong, company is into expansion mode and they expect that topline and bottomline to grow in a decent way in coming quarters." "Generally we have seen that positive momentum along most of these textile related stocks, spinning and cotton blended kind of stocks are back into action after having corrected a bit. So overall perspective for decent textile stocks is positive and I believe that stock could again attain levels closer to Rs 90 in next few months. So as of now one should keep on hanging to the stock and expect much better performance from the stock in coming quarters or coming months," he said.
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