According to Investment Consultant Sanjay Chabria, one should wait for some more time to get a return of 40-50% from current levels in RSWM. The company has good business model, and once the value of this stock starts moving up, it will cross Rs 130 without any problem.
Chabria stated, “Rajasthan Spinning new name is RSWM. It is part of the LNJ Bhilwara Group, it’s the leading manufacturer of synthetic yarn and fabrics in the country. The company has a well-established fabric brand Mayur Suiting in the domestic market. The company is undergoing a capacity expansion plan under which it will be investing Rs 900 crore for all its capex plans till FY2009.”