Arvind may touch Rs 162-163: Anu Jain

Anu Jain of IIFL Private Wealth Management told CNBC-TV18, "Arvind at this current price is looking good, at Rs 150 it has moved up phenomenally over the last period. The stop loss - if you are holding this stock then should be about Rs 146-147, but the target is looking likely as Rs 162-163 as of now."

She further added, "At Rs 150, it makes sense to hold on probably for a little more. Even Raymond from similar kind of industry is looking good for about Rs 295 and Century Textile at Rs 320. So, given that whole pack is looking with a positive bias, but they are volatile, so one would have to play it taking that into account."