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.