Buy Arvind, target Rs 349: SMC Research
The company has been on an expansion spree to increase its retail presence ramping up its brand portfolio. The company has added eight stores for brands like GAP and Sephora and one for Aerospatale in the current year
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| Updated:
| Updated: SMC Research has recommended a buy on Arvind Ltd at a target price of Rs 349.
The company enjoys a global leadership positions in textiles segment and has an unmatched domestic portfolio of apparel brands and retail formats. The company's capability in manufacturing garments, coupled with its positioning of the most preferred franchisee/distribution partner in India, it is poised to benefit from an increase in demand for apparels.
The company has been on an expansion spree to increase its retail presence ramping up its brand portfolio. The company has added eight stores for brands like GAP and Sephora and one for Aerospatale in the current year. All the power brands will become profitable in the next financial year.
The company enjoys a global leadership positions in textiles segment and has an unmatched domestic portfolio of apparel brands and retail formats. The company's capability in manufacturing garments, coupled with its positioning of the most preferred franchisee/distribution partner in India, it is poised to benefit from an increase in demand for apparels.
The company has been on an expansion spree to increase its retail presence ramping up its brand portfolio. The company has added eight stores for brands like GAP and Sephora and one for Aerospatale in the current year. All the power brands will become profitable in the next financial year.
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