Textile stocks look positive: Alok Nanavaty

In a chat with ET Now, Alok Nanavaty, Director, Centrum Broking Pvt. Ltd., shares his investment ideas.

What is the call on textile space?

Depending on cotton prices which certainly have been on the upswing and hence increasing input cost, the textile space has seen some fair amount of export growth also. Demand has been picking up of late at least in Africa, the Middle East and some of the other European markets. So, across the textile space, companies have been having a better Q3-Q4 as well as possibly Q1 for the next year.