Real estate business may unlock value for Arvind Mills: VK Sharma, HDFC Securities

In a chat with ET Now, VK Sharma, Head of Business, Private Broking & Wealth Management, HDFC Securities, shares his views on Arvind Mills.

ET Now: Does it make sense to be a contra buyer in Arvind Mills at current levels?

VK Sharma: I was employed with that group. So that is a disclosure. The group is forward looking and the management is quite forthright. Cotton prices have been high and in the next quarter those things will not be there. I do not follow it fundamentally and we do not have coverage. I do believe that their real estate business will unlock value, but that is over longer term. I have no immediate views on the stock.