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.

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