Sangam India is a good buy at 59: Sudhir Nair

Sudhir Nair, Head Equities, CRISIL Research in an interview with ET Now talks about Sangam India.

What is the call on Sangam India?

Sangam India is today India's largest polyester viscose fibre company and it has got 3 lakh spindle each capacity and it is planning to expand those capacities and this is also a company like we were rightly talking about in the last one year did a significant growth in turnover because of the competitiveness against cotton prices.

So it has come out with good numbers and over the next 2 years although the growth rate in turnover will be muted, but there will be good growth in earnings. Fundamentally we have rated the company a 3 on 5 which is a good fundamental but on valuation, we have given it a good buy at Rs 59 as a fair value.