HomeNewsBusinessStocksGo long in PVR, Arvind best pick: Mithil Pradhan

Go long in PVR, Arvind best pick: Mithil Pradhan

Mithil Pradhan of Violet Arc Global Managers recommends going long in PVR and recommends Arvind as the best pick.

July 20, 2015 / 17:02 IST
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Mithil Pradhan of Violet Arc Global Managers told CNBC-TV18, "The best idea is Arvind, it has been my all-time favourite. The stock has cleared the resistance around Rs 295 and even since the morning the market was down but Arvind was trading with gains throughout the day more or less. So, Arvind is my best pick as of now which is what I will recommend.""I have been looking at PVR because media stocks as a whole are doing very well over the last few days. Now, PVR has been creating kind of rectangle for the last, may be about year or year and half, the breakout has happened. The target immediately that I get is about Rs 900-930 odd levels. It is still trading at about Rs 800. So there is a good opportunity to go long on this stock," he said.

first published: Jul 20, 2015 05:02 pm

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