Sell Arvind Ltd with a target of Rs 381 -- Siddharth Bhamre

Independent analyst Siddharth Bhamre has a sell call on Arvind Ltd. with a target price of Rs 381.0 .The current market price of Arvind Ltd. is 407.65 Time period given by analyst is Intra Day when Arvind Ltd. price can reach defined target. Siddharth Bhamre recommended to keep stop loss at Rs 419.0 .

Arvind Ltd., incorporated in the year 1931, is a midcap company with a market cap of ₹ 10532.01 crore operating in Textiles sector.

Arvind Ltd. key Products/Revenue Segments include Fabric which contributed ₹ 4127.43 Cr to Sales Value (76.33 % of Total Sales), Garments which contributed ₹ 873.88 Cr to Sales Value (16.16 % of Total Sales), Export Incentives which contributed ₹ 140.59 Cr to Sales Value (2.60 % of Total Sales), Waste Sales which contributed ₹ 76.18 Cr to Sales Value (1.40 % of Total Sales), Electronics/Electrical Material which contributed ₹ 53.51 Cr to Sales Value (0.98 % of Total Sales), Grey Fabrics which contributed ₹ 43.67 Cr to Sales Value (0.80 % of Total Sales), Engineering which contributed ₹ 28.81 Cr to Sales Value (0.53 % of Total Sales), Yarn which contributed ₹ 23.91 Cr to Sales Value (0.44 % of Total Sales), Agricultural Products which contributed ₹ 21.38 Cr to Sales Value (0.39 % of Total Sales), Processing which contributed ₹ 15.97 Cr to Sales Value (0.29 % of Total Sales), Accessories which contributed ₹ 1.07 Cr to Sales Value (0.01 % of Total Sales), Other Operating Revenue which contributed ₹ .86 Cr to Sales Value (0.01 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-03-2017, the company has reported a Consolidated sales of ₹ 2464.82 Cr., up 6.10% from last quarter Sales of ₹ 2323.19 Cr. and up 6.52% from last year same quarter Sales of ₹ 2314.00 Cr. Company has reported net profit after tax of ₹ 95.80 Cr. in latest quarter. The company’s CEO is Mr.Sanjay S Lalbhai. It's Board of Directors include Dr.Bakul Dholakia, Mr.Dileep C Choksi, Mr.Jayesh K Shah, Mr.Kulin S Lalbhai, Mr.Nilesh D Shah, Mr.Punit S Lalbhai, Mr.R V Bhimani, Mr.Samir Mehta, Mr.Sanjay S Lalbhai, Mr.Vallabh Bhanshali, Ms.Renuka Ramnath, Mr.R V Bhimani. Company has its registered office at Naroda Road, Ahmedabad, 380025, Gujarat. Company has Sorab S Engineer & Co. as its auditors. As on 31-03-2017, the company has a total of 258,359,069 shares outstanding.