Ashwani Gujral, Technical Analyst is of the view that S Kumars Nationwide can touch Rs 70.
Gujral told CNBC-TV18, "S Kumars Nationwide has shown some kind of a breakout above Rs 54 and maybe it is getting into a newer orbit and that could lead this upto levels of Rs 70."
He further added, "Arvind has been doing this range of Rs 32-42, so that is moving up from the lower end of the range. So these are two different styles of players and the other one that we like is Vardhman Textiles. That has broken out today with the rest of the pack and that could head up to levels of Rs 280. So overall something seems to be changing on textile because when stock starts breaking out longer-term ranges, something fundamentally is changing."
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