WEAVING BETTER FUTURE
Arvind BSE Code: 500101 CMP: ₹413.50
A textile major Arvind Ltd is one of the largest manufactures of Denim and Woven with annual capacity of 100 and 132 mn meters. Company derived 61% revenue from textile and 31% from branded apparels in FY17. Recently, the company has decided to spin off its branded apparel and engineering business into a separate entity to concentrate only on core business of textiles.
The company going forward is likely to invest nearly ₹1500 crore over 3-4 years to enhance its textile business. With this the stock of the company may see some upside ahead.