Home Is Where the Growth Is!
Welspun and Alok are our top picks in India’s Home Textiles, which has markedly lagged the Sensex despite strong growth prospects
Alok upgraded to Buy from Hold on better EPS growth visibility after capacity expansion
Sector earnings CAGR of 46% in FY06-08E and high ROEs should trigger overall re-rating
Outsourcing trend, cost advantages, thrust on value-add, re-imposition of quotas on China and expanded capacity should feed sector growth
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