Yesterday i had tweeted about how we at Analyse India like Textile sector and our top two bets would be Vardhman Textiles and KPR Mills.
Both are large companies and can see a lot of institutional interest going ahead.
We believe the times are changing for textile companies. This is similar to the bet we had taken on Chemical stocks a year back – Atul Limited, Aarti Industries, Apcotex and so on ( we still like the space and have recommended Camphor and Allied Products recently( will mention in another post))
Lets hope things go on expected lines. There are many other choices in the sector which may not be highly liquid but with good fundamentals.
This is the chart for KPR Mills
KPR Mills Technical View
- After consolidating around the 230-270 mark the stock has finally given a breakout with strong volumes.
- Any dips to 270-290 zone will be an area to buy and also add further on declines.
- Looking towards a target price of 400-450 but one can keep this as a core pick for a couple of years too.
- Disclosure – Covered in our Big Value 2.0 at 275-280 levels.