See more upside in Arvind: Mehraboon Irani

Mehraboon Irani, Principal and Head-Private Client Group Business at Nirmal Bang Securities told CNBC-TV18, "This entire sector (textile) has ended up benefiting a lot and quite a few of the names in this particular sector are going to come out with good results. It is being tracked quite widely and quite a few fund houses are now looking at Arvind more aggressively.”

"It is very difficult to state as to where the company is a year down the line. However, at least for the next one to two quarters you can see that you are on a good wicket, so definitely some more upside," Irani said.