Stock of Interest

Posted On: August 17, 2023

Stock Report: ARVIND (NSE) 16 Aug 23 

Arvind Limited, formerly Arvind Mills, is a leading textile manufacturer and the flagship of the Lalbhai Group. Headquartered in Ahmedabad, Gujarat, India, it produces diverse fabrics like denim, cotton shirting, knits, and khaki materials. Arvind is renowned as India’s largest denim maker. Sanjaybhai Lalbhai, the Chairman and Managing Director, spearheaded the introduction of denim to India’s market in the 1980s, igniting a jeans revolution. The company retails its brands like Flying Machine and Newport, as well as global names such as Arrow and Tommy Hilfiger, through its extensive network including the Arvind Store, Unlimited, and Megamart. Besides textiles, Arvind is active in sectors like engineering, retail, telecom, advanced materials, agribusiness, and real estate. In 2016, it posted revenue of ₹5,407.26 crore (US$680 million) and net income of ₹318.85 crore (US$40 million). With 25,620 employees, Arvind is a key player within the Lalbhai Group.  

#xCalData predicts #ARVIND will continue its Bullish phase over the next five days and trend in the range of 160.0 to 148.0. 

In comparison to the previous month, the price of the stock has experienced an increase of 12.73% indicating a bullish.     

The Stock has doubled once since 16 Jun 2015 and took an average of 2.4 years to double.      

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past. 

Majority of the technical ratio’s trend towards Bullish side of the spectrum. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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