Hold Arvind, says Tulsian

Hold Arvind, says Investment Advisor, SP Tulsian.

Tulsian told CNBC-TV18, "I am quite positive on textile for next one year. In spite of Arvind having run up may be by about 70-80% in the last 4 to 5 months, I am quite positive on the stock. My advice is that remain invested. One can kept Rs 100 as a target. Either one should look for Rs 100 or he can take a view of 12 months to hold Arvind Mills."

The company's trailing 12-month (TTM) EPS was at Rs 3.19 per share. (Sep, 2010). The stock's price-to-earnings (P/E) ratio was 22.99. The latest book value of the company is Rs 60.28 per share. At current value, the price-to-book value of the company was 1.22.