Prefer Arvind, Welspun India on correction: Devang Mehta

Devang Mehta of Anand Rathi Financial Services told CNBC-TV18, "A stock that comes to the mind is Arvind or Welspun India which were doing extremely well and still there are all chances that these textile stocks on the back of good export story and on the back good local demand also come back to the fore. So, these two or three ideas is where one should corner themselves around if at all we find more correction in these stocks."On Thursday, Arvind closed at Rs 264.70, up Rs 7.50, or 2.92 percent. It has touched an intraday high of Rs 270.30 and an intraday low of Rs 258.90.