Arvind a safe bet: Rajesh Jain

Arvind is a safe bet, says Rajesh Jain, Independent Market Strategist.

Jain told CNBC-TV18, "I would pick up urban textiles. For the fist time we have seen better realizations coming in. The company has been through a prolonged process of restructuring. It has got rid of some of its real estate assets; plough the money back into the core textile business. It has set up significant capacities, which are not really able to provide the leverage that the company needed in terms of cost gains. Finally the quarterly numbers have indicated margin expansion as well as superior price realizations and this is despite the headwinds facing the textile sector in terms of higher cotton prices or the government policy on excise for readymades.