| Dear Customer, Incorporated in 1931, Arvind Ltd.(ARVLTD), is the largest textile company in India and is a part of the Lalbhai group. Arvind was the pioneer in the denim space in India and entered the export market for Denims in 1987-88. Currently it is the leader in the denim manufacturing space and supplies to customers like GAP, Lee, Wrangler, Levi’s etc. Apart
from denim, the company has also emerged as a leading manufacturer in the woven space (with customers like Madura Garments, Marks & Spencers etc.) and is now enhancing its presence in the garmenting segment (which has customers like GAP, Tommy Hilfiger, Calvin Klein etc). Apart from the textile space, Arvind has also developed a highly successful brand and retail business and boasts of marquee brands like Arrow, Tommy Hilfiger, Flying Machine, US Polo, Calvin Klein, Hanes etc. Megamart, which is the largest value retail chain in India, underpins Arvind’s foray in the retail space. With close
to 1.5 mn sq ft space under the brand and retail portfolio, Arvind has emerged as India’s leading player in this space. |
Buy Arvind Ltd. | Current Price | : Rs. 370 |
| Target Price | : Rs. 420 | | Expected Returns | : 13.51% |
| Investment Horizon | : 90 days from report date | | Close Date | : Apr 27, 2017 | | | |
| EdelStar Performance All the stock recommendations from EdelStar are medium or large caps stocks and are carefully handpicked by our research team. Our team releases one stock recommendation every week. Our methodology for stock picking in EdelStar
has been working well and it shows in the performance. *Total Returns from EdelStar: 243%; Nifty Returns: 93%. For detail performance - Click here |
Team Edelweiss**
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January 30, 2017
