Stock to BUY for Long Term: This retail stock is Anil Singhvi's pick for Navratna SIP - Check targets

Stock to BUY for Long Term, Navratna SIP by Anil Singhvi: According to Singhvi, investors should buy this stock with a perspective of 1-3 years. Check the stocks and targets he gave.

Stock to BUY for Long Term, Navratna SIP by Anil Singhvi: Market wizard Anil Singhvi has today picked Arvind Fashions as the stock for Navratna SIP. The stock had closed at Rs 566.25 on the BSE in the last trading session.

Stock to BUY for Long Term, Navratna SIP by Anil Singhvi: Singhvi said that investors should buy the stock for targets of Rs 700, Rs 850 and Rs 1,000. 

Stock to BUY for Long Term, Navratna SIP by Anil Singhvi: Singhvi said that investors can accumulate this stock on every 10 per cent dip. "You should not rush to buy this stock. There will be enough opportunities to buy it on a 10% dip," he said.

Stock to BUY for Long Term, Navratna SIP by Anil Singhvi: He said that the company has strong and experienced promoters. This is Arvind Group's company which has a strong presence in this sector.

Stock to BUY for Long Term, Navratna SIP by Anil Singhvi: The company has a strong brand portfolio of US Polo, Arrow, Tommy Hilfiger, CK, and several others.

Stock to BUY for Long Term, Navratna SIP by Anil Singhvi: The company is into premium products and Anil Singhvi said that segment has good profitability. "With the increase in purchasing power, the customers are now shifting towards branded products and this will benefit the company," Singhvi added.

Stock to BUY for Long Term, Navratna SIP by Anil Singhvi: So far the company has an impressive financial growth track record. 

Stock to BUY for Long Term, Navratna SIP by Anil Singhvi: The company aims to be debt-free soon. However, it already has very little debt.