Arvind can touch Rs 100: SP Tulsian

Arvind can touch Rs 100 in next couple of months, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "I have been maintaining my positive view on Arvind but I do not think that one can rally jump in now because if you see the stock has already moved from Rs 78 it use to rule at maybe about 10 days back to Rs 92, already a jump of 20%. I have been maintaining my call that it has the potential to breach three digit mark in the next couple of months largely on account of the initiative by the management plus the better working, which is likely to result into double digit EPS for Rs FY12."
He further added, "Taking all this into consideration one should keep a positive view on the stock. If it corrects because which is likely, we are seeing the correction in the stock bringing it down back to about Rs 82 to Rs 84 that can really be a good entry level and one can expect a price of Rs 100 in the next couple of months or so."