Buy Arvind, target Rs 450: Pritesh Mehta

Pritesh Mehta of IIFL has a buy call on Arvind with a target price of Rs 450.

The current market price of Arvind is Rs 426.95.

Time period given by the analyst is 'Intra Day' when Arvind price can reach defined target.

Pritesh Mehta recommended to keep a stop loss at Rs 410.

Arvind, incorporated in the year 1931, is a Mid Cap company (having a market cap of Rs 10,854.16 Crore) operating in Textiles sector.

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 31-12-2017, the company has a total of 258,617,069 shares outstanding.