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Arvind gains on subsidiary’s Rs 126 crore capex plan

25 Jun 2014

Arvind is currently trading at Rs. 226.80, up by 4.85 points or 2.19 % from its previous closing of Rs. 221.95 on the BSE.

The scrip opened at Rs. 222.00 and has touched a high and low of Rs. 227.20 and Rs. 221.30 respectively. So far 97653 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 226.45 on 18-Jun-2014 and a 52 week low of Rs. 65.00 on 08-Aug-2013.

Last one week high and low of the scrip stood at Rs. 226.45 and Rs. 211.10 respectively. The current market cap of the company is Rs. 5730.96 crore.

The promoters holding in the company stood at 43.81 % while Institutions and Non-Institutions held 36.99 % and 19.03 % respectively.

In a bid to expand its footprint across country, Arvind’s subsidiary Arvind Lifestyle is planning to invest Rs 126 crore, up from Rs 90 crore spent last fiscal, as capital expenditure this fiscal.

Number of stores the company is currently operating is 1,100, which is likely to go up to 1,300 in FY15, adding that about 90 per cent of stores are profitable.

Arvind has a portfolio of 12 of its own brands. It also runs the country’s largest value retail chain Megamart and the UK-based department store chain Debenhams, and the apparel specialty retail chain Next. Arvind has over 1.3 million square feet of retail space across various brands.

Related Arvind Ltd. Links:

Arvind Share Price

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