See profit booking in Arvind at Rs 105: SP Tulsian

See profit booking in Arvind at Rs 105, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "Arvind - you recall last week, I said that I am keeping a positive stance but again Rs 105 is seen to be, you can call it as a technical resistance for the stock infact we see good amount of profit booking coming in at those levels." He further added, "If you go by the business model of the company, swap prices of cotton, better realization of the denim and even the real estate monetisations which we have been seeing for the company with three tranches, one outside sell, one JV developments, so those things are looking positive and in addition to that they have the retail story where one should not even rule out any kind of alliances having made by the company. But taking all into consideration still I will keep my level of Rs 105 as the level where maybe the profit booking will start again coming in."