Arvind may hit Rs 317: Chandan Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "We are suggesting the idea on midcap stock and Arvind is our best pick. We are expecting this stock to again head towards Rs 317 or Rs 325 level. It has seen the roll over of around 88 percent and built up of long position by 8 to 10 percent in just few trading sessions."

"We may see the positive momentum, keep a small stoploss of Rs 299 and play for the upside target of Rs 317," he added.