Buy textile stocks when they hit some support levels: Sharyans Resources

In a chat with ET Now, CK Narayan, President Treasury, Sharyans Resources, shares his views on the outlook of textile stocks.

Textile stocks were among the losers yesterday. What is your thought?

I am very bullish on textile because particularly those relating to the spinning units are looking extremely positive. They have been among the large gainers over the last 6-8 months and what we are probably seeing is only a reaction as a result of some profit taking. I would even now remain very positive on all the textile stocks and look to buy them when they hit some sort of supports.