Timex can actually grow: Gul Tekchandani

In a chat with ET Now, Gul Tekchandani, Investment Advisor, talks about Timex. Excerpts:

What are the pockets that you think are very attractive right now?

I will give you one stock and I must say in all honesty that I have bought it for a little longer term. I have got Timex because it has shown a turnaround over the quarterly profits. Now whenever I talk about Timex, people say 'forget it, it is never going to kind of grow' but they have forgotten that the management holds 74% and this stock can actually grow because this is not those high-end watches which are being sold by others, these are low-end, the fastrack kind of watches. So clearly it is a risk, I am not disputing that. But at the same time, there is an opportunity and they say that unless you kind of stick out and take a risk, you will never make major gains. So let’s see how much I make on this one. There are several like that when I am trying to make a point, but it is not correct to discuss individual stocks.