Hold Timex for a long term: K Narayan

CK Narayan, President Treasury, Sharyans Resources, in a chat with ET Now, shares views on Timex.

What is the call on Timex?

We need to look at it from a little longer term point of view. The rumour about the delisting or there being some sort of a buyout of this particular company has been in the market for a long time and this rumour is clearly responsible for the somewhat bullish price pattern which the stock exhibits across in the weekly and monthly charts. It has not vitiated, this particular denial might have a little bit of maybe downside action but by and large, the market clearly believes that this stock will be either bought out or it will be de-listed somewhere down the line. So those who are longer term in Timex should hold onto the stock. It really does not speak of any short term situations that one could actually go in there and buy. So this is strictly for holders. I do not think it really has anything to offer for newer players.