Mehul Kothari recommends Arvind Fashions, CAMS as top 'Diwali' picks

According to the technical analyst from Anand Rathi, Arvind Fashions can rally to Rs 440, while CAMS can surge to Rs 3,650 within a year's time.

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Rex Cano Mumbai
DIWALI PICKS

BUY
Arvind Fashions
Buy Near: Rs 310
Target: Rs 440
Stop Loss: Rs 230

In the calendar year 2021, Arvind Fashions rallied more than 150 per cent in a matter of just three months (from Rs 135 it went above Rs 360-mark). Thereafter, the stock corrected 61.8 per cent of the entire move and has been consolidating.

At this juncture, the stock is again on the verge of fresh breakout and that indicates a continuation of the prior uptrend. We have been witnessing heavy volumes in the counter with bullish price action and that suggests the possibility of accumulation. Investors can buy the stock within

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First Published: Oct 18 2022 | 8:14 AM IST

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