Arvind Ltd is recommended to buy below Rs 80 because while taking a view on it, it doesn’t have any justification around Rs 110, in fact it has seen profit booking stared happening maybe around those levels of Rs 105-110 and the kind of corrections now which we have seen in the stock.
Rs 80 seems to be quite a good support whether you take from technical point of view or even taking fundamental point of view considering retail foray by the company, better working, double digit EPS, plans of the company to reduce the debt. Taking all this into consideration it justifies a buy around Rs 80 but not above that.
Rs 80 seems to be quite a good support whether you take from technical point of view or even taking fundamental point of view considering retail foray by the company, better working, double digit EPS, plans of the company to reduce the debt. Taking all this into consideration it justifies a buy around Rs 80 but not above that.
Post a Comment