Alok Industries would add value to an investor: Avinash Gorakshekar, Anagram Capital Ltd

Avinash Gorakshekar, Head of Research, Anagram Capital Ltd, in a chat with ET Now talks about Alok Industries.

Do you think Alok Industries, which has been at 20 for time immemorial now, can probably show some uptick in the next two quarters?

On the textile space definitely since it is a mass consumption story and the fact of the matter is that input costs are under control. Our sense is that Alok being a large player will definitely benefit. In fact they have been making conscious efforts to actually ensure that there is more value-added kind of percentage in their overall product mix.

I am not aware of what kind of numbers will come in this quarter but we are pretty confident that as a segment, textile is definitely a good kind of opportunity. Within the textile stock, there is a little lesser known company called Sangam India, which could also be quite encouraging. Wwe feel that it would be a stock specific call, something like an S Kumars Nationwide, Sangam or may be Alok at these current levels would definitely add value to an investor provided he takes a reasonable medium-term call.