Buy Vardhman Textile above 240 levels: Gaurang Shah

Gaurang Shah, Asst VP, Geojit BNP Paribas Financial Services, in a chat with ET Now talks about Vardhman Textile.

Have you taken a look at Vardhman Textile and the other textile majors as well?

Up to July, Vardhman Textile was just stagnating in 270 level but after that it had very good spectacular moves and volumes also went up and went to as high as approximately 345 levels around August and then in September, it made these levels again.

But again it has drifted slightly downward to 320 levels but not a cause of worry but the stock is in a stronger trajectory right now and one can look for a buy may be above 240 levels going ahead for this stock.