Buy Arvind Limited; target of Rs 500: Sharekhan

Sharekhan’s research report on Arvind Limited

During Q4FY2018, Arvind Limited (Arvind) reported 21.3% y-o-y revenue growth to Rs. 2,990 crore. Revenue from the textile segment grew by 9.3% y-o-y to Rs. 1,596.4 crore mainly led by 13% volume growth in the garment segment and 14% revenue growth in the woven segment. Fabric volume also improved from 56 million metres to 60 million meters despite the decline in denim domestic volumes.


Further, demerger of businesses such as B&R and Anup Engineering into separate verticals would enhance shareholders value in the near future. Thus, we maintain our Buy recommendation on the stock with an unchanged price target of Rs. 500.

For all recommendations report,click here

Disclaimer:The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *