Remain invested in Alok Industries: SP Tulsian

SP Tulsian of sptulsian.com is of the view that one may remain invested in Alok Industries.

SP Tulsian of sptulsian.com told CNBC-TV18, "I will advice to remain invested in  Alok Industries though this is not too comforting and I am not too convinced with the stock going forward but holding positive view on textile stocks and it is expected that probably the Budget will be little kind to the textile sector and the kind of growth potentials which we see in textile stock."

"Alok industries is definitely an integrated very big player and they have a debt of about Rs 12000-13000 crore plus there has been fear of the huge equity base of closer to around Rs 900 crore plus. There are concerns on the promoters also that the affairs are not managed in a very transparent manner, so taking all this into consideration, I won't be surprised to see the stock moving to a level of maybe Rs 17-17.5 in next couple of months," he added.

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