Buy Arvind, says PN Vijay

Buy Arvind, says PN Vijay, Portfolio Manager.

Vijay told CNBC-TV18, "If we have a 3 year time frame, textile looks good, especially a stock like Arvind because if you see the relative performance to the index, the last 12 months it has been humongous, the cotton price falling is now here to stay at least from 6-9 months more. So their margins are back and they have got huge amount of soft money from the government from the textile modernization fund. So, textiles selectively at the top end especially an Arvind could be an interesting buy for value investors at the 1-2 year time frame.