Buy Arvind, target Rs 395: Dr CK Narayan
Buy Arvind at a price target of Rs 395 and a stop loss at Rs 375 from entry point.
By ETMarkets.com |
Dr CK Narayan of Chart Advise has a buy call on Arvind with a target price of Rs 395.
The current market price of Arvind is Rs 382.30.
Time period given by the analyst is intraday when Arvind price can reach defined target.
Dr CK Narayan recommended to keep a stop loss at Rs 375.
Arvind, incorporated in the year 1931, is a Mid Cap company (having a market cap of Rs 9,883.11 Crore) operating in Textiles sector.
Arvind key Products/Revenue Segments include Textiles which contributed Rs 5,611.09 Crore to Sales Value (94.21 per cent of Total Sales), Textiles which contributed Rs 198.28 Crore to Sales Value (3.32 per cent of Total Sales), Waste Sales which contributed Rs 90.07 Crore to Sales Value (1.51 per cent of Total Sales), Other Operating Revenue which contributed Rs 39.74 Crore to Sales Value (0.66 per cent of Total Sales) and Sale of services which contributed Rs 16.50 Crore to Sales Value (0.27 per cent of Total Sales)for the year ending 31-Mar-2017.
The company’s top management includes Dr.Bakul Dholakia, Mr.Dileep C Choksi, Mr.Jayesh K Shah, Mr.Kulin S Lalbhai, Mr.Nilesh Shah, Mr.Punit S Lalbhai, Mr.Samir Mehta, Mr.Sanjay S Lalbhai, Mr.Vallabh Bhanshali, Ms.Renuka Ramnath.
Company has Deloitte Haskins & Sells LLP as its auditors.
As on 30-06-2017, the company has a total of 258,517,069 shares outstanding.
The current market price of Arvind is Rs 382.30.
Time period given by the analyst is intraday when Arvind price can reach defined target.
Dr CK Narayan recommended to keep a stop loss at Rs 375.
Arvind, incorporated in the year 1931, is a Mid Cap company (having a market cap of Rs 9,883.11 Crore) operating in Textiles sector.
Arvind key Products/Revenue Segments include Textiles which contributed Rs 5,611.09 Crore to Sales Value (94.21 per cent of Total Sales), Textiles which contributed Rs 198.28 Crore to Sales Value (3.32 per cent of Total Sales), Waste Sales which contributed Rs 90.07 Crore to Sales Value (1.51 per cent of Total Sales), Other Operating Revenue which contributed Rs 39.74 Crore to Sales Value (0.66 per cent of Total Sales) and Sale of services which contributed Rs 16.50 Crore to Sales Value (0.27 per cent of Total Sales)for the year ending 31-Mar-2017.
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The company’s top management includes Dr.Bakul Dholakia, Mr.Dileep C Choksi, Mr.Jayesh K Shah, Mr.Kulin S Lalbhai, Mr.Nilesh Shah, Mr.Punit S Lalbhai, Mr.Samir Mehta, Mr.Sanjay S Lalbhai, Mr.Vallabh Bhanshali, Ms.Renuka Ramnath.
Company has Deloitte Haskins & Sells LLP as its auditors.
As on 30-06-2017, the company has a total of 258,517,069 shares outstanding.
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