Buy Suryajyoti Spinning: Prakash Diwan

ET now spoke to Prakash Diwan, Head-Institutional Business, Networth Stock Broking, on his view on Suryajyoti Spinning.

Your top trade for next four or five days for our retail viewers?

Suryajyoti Spinning, which is again riding the wave of all these textile mills, especially the spinning portion of the textile business, has seen a huge re-rating of sorts. We have seen cotton prices firm up and for the next year or so.

I believe they will be in a very strong position, buy into this with again a 25-30% upside for a longer term tenure.