Arvind Fashions stocks: Buy Arvind Fashions, target price Rs 689: Anand Rathi
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Arvind Fashions stocks: Buy Arvind Fashions, target price Rs 689: Anand Rathi

Anand Rathi has buy call on Arvind Fashions with a target price of Rs 689. The current market price of Arvind Fashions Ltd. is Rs 542.75.

Arvind Fashions Ltd., incorporated in the year 2016, is a Small Cap company (having a market cap of Rs 7197.55 Crore) operating in Apparels sector.

Arvind Fashions Ltd. key Products/Revenue Segments include Textiles, Other Operating Revenue and Export Incentives for the year ending 31-Mar-2024. Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 962.29 Crore, down -13.06 % from last quarter Total Income of Rs 1106.84 Crore and down -.60 % from last year same quarter Total Income of Rs 968.08 Crore. Company reported net profit after tax of Rs 13.92 Crore in latest quarter. Promoter/FII Holdings
Promoters held 35.21 per cent stake in the company as of 30-Jun-2024, while FIIs owned 15.58 per cent, DIIs 11.93 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

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