Arvind, Raymond: Textile stocks with land bank may rise up to 16%

Shares of textile stocks possessing land bank were seen trading with resilient sentiment lately. Shares of Raymond hits a new historic peak on Monday, and Century Textile and Industries reached a new 52-week high in the previous session.

Last week, Arvind reached a new 52-week high, while Bombay Dyeing and Manufacturing Company surpassed 12-month high. 

Here's the technical outlook of selctive stocks:-