Sovid Gupta

Buy Alok Industries To Achieve A Target Of Rs 28: Sovid Gupta, Fairwealth Securities

Alok IndustriesEquity analyst Sovid Gupta of Fairwealth Securities is bullish on Alok Industries and maintained 'Buy' rating on the stock to achieve a target of Rs 28.

Alok Industries is a leading vertically integrated textile player having sales of over 3000 crore and tough bottom line.

The analyst initiate a buy call on the company on basis of its good valuation, vast growth in topline by the next three years and augmented outcome from higher foreign currency earnings, increased sale of Value added products and Vertical/ backward Integration.

Accumulate Sintex Industries at current price, Target 240: Sovid Gupta, FairWealth Securities

Sintex

Sintex Industries, with strong balance sheet and huge cash balance is well Equipped to manage current challenging business Equipment. We estimates Sintex Industries to post net sales of 3300 crores and 4200 crores for FY09 and FY10 respectively, posting compounded growth rate of 40% for 4 years.