Buy Arvind, target Rs 335: Manav Chopra

Manav Chopra of Nirmal Bang told CNBC-TV18, "Arvind has been overall in a very good uptrend. If you look at the charts from a monthly perspective and the prices also on the daily charts has formed strong support cluster. It has been sustaining above the short-term moving averages. It has immediate resistance which is at Rs 305 which is likely to be breached in the near term as the volumes are also showing very positive bias. So we maintain a buy in this stock with a stoploss of Rs 292 and expect an upside target of Rs 335."

At 14:54 hrs Arvind was quoting at Rs 300.40, up Rs 2.15, or 0.72 percent. It has touched an intraday high of Rs 304.05 and an intraday low of Rs 297.30.