Arvind has target of Rs 90-94: SP Tulsian

Arvind has target of Rs 90-94, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "I am quite positive on Arvind because if you see again this is a pseudo reality stock and again they’ll start monetizing a big portion of that. Apart from the normal operations the company has also starting focusing on the Indian market, earlier they were focusing more on the global market and the denim where the lower quality of cotton is used we have seen a big drop in the cotton prices, the Shankar quality which is produced in Gujarat, so that is again a positive.”
He further added, “I am expecting that probably they should be able to improve their margins. So overall quite positive and I am keeping a target of Rs 90-94 in next couple of months on the stock."