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Arvind gains on plan to foray into e-Commerce with custom clothing brand ‘Creyate’

19 Aug 2014

Arvind is currently trading at Rs 236.20, up by 3.25 points or 1.40% from its previous closing of Rs 232.95 on the BSE.

The scrip opened at Rs 233.15 and has touched a high and low of Rs 238.00 and Rs 230.20 respectively. So far 242781 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 247.40 on 04-Jul-2014 and a 52 week low of Rs. 67.85 on 19-Aug-2013.

Last one week high and low of the scrip stood at Rs 235.50 and Rs. 220.80 respectively. The current market cap of the company is Rs. 6095.04 crore.

The promoters holding in the company stood at 43.46% while Institutions and Non-Institutions held 36.99% and 19.42% respectively.

Arvind Internet (AIL), an online arm of Arvind, is ready to revolutionize fashion & retail across India this year with its online custom clothing brand -- Creyate. Kuhn Lalbhai, Executive Director of Arvind, is driving the e-Commerce initiative at the company, which will be a major growth driver for Arvind moving forward.

As pioneers in bringing global fashion to India, Arvind now intends to extend innovative and best in class brand experiences to the online world. The company is all set to be a leading consumer lifestyle player in the digital space by engaging in several business models that can scale globally.

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

129.30 -2.95 (-2.23%) Oct 22, 18:01
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