Arvind has target of Rs 90.50: Prakash Diwan

Arvind has target of Rs 90.50, says Prakash Diwan of Asit C Mehta Investment Intermediates.

Diwan told CNBC-TV18, "We have seen Arvind, earlier come back from the Rs 89 levels, slip back a bit than again it has been gaining some strength and this is one stock that fundamentally also has been showing all kind of right signals to give a break out into a new zone, a new territory beyond where it is already and particularly given the robust results for the business that we see going forward. I believe Arvind would be a good pick to go long on, so Arvind with a target price of Rs 90.50 and a stoploss of Rs 84.50 for the day should work with."