Alok Industries - Update - Hold Alok Industries: Madan

Ashu Madan, National Head of Religare is of the view that one should hold Alok Industries.

Madan told CNBC-TV18, "In Alok Industries the major trigger would come from the infrastructure play and that can lead to value unlocking and could see a much better price. If you talk about plain vanilla textile companies, there is still no excitement and because of the competition overseas there is hardly anything, unless there is some specific company who have a niche like Alok Industries has a capacity expansion and they have a niche in a sense that they are leading into home furnishing specialized. So looking at the over all sector is still not very good but specific companies and particularly Alok Industries because of the infrastructure play could add value to the investors. The investor should hold it and also the person who has a longer-term horizon. But with all these developments the result would be visible in the next 6 months probably the investor don’t have to hold for the next two years."