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TVS Motors is the second best investment idea in the two-wheeler universe, says Shah.
Eicher Motors should be accumulated on dips from a long-term perspective, said Gaurang Shah of Geojit Financial Services. He expects the company to grow across three verticals—Royal Enfield motorcycles, the CV segment, and its JV with Volvo.
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The valuations of TVS Motors are a bit elevated, said Shah, but he is optimistic about the company's growth story. "Investors can buy the stock when it is closer to or below Rs 1,000 apiece from a long-term perspective," Shah said.
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In the textile space, Raymond and Page Industries are the top picks, Shah said. "Raymond's linen products are a fantastic offering that is finding traction within the consumer base," he said. When it comes to Page Industries, good stocks come at a premium, he said. "Both the stocks are good buys from a long-term perspective."
Those planning on investing in the capital goods segment should have at least a 1.5–2 year horizon, since it takes longer to execute the order book, Shah said. Geojit Financial Services has positive coverage on Siemens, L&T, and ABB India.
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