Arvind gains on plans of expanding presence of ‘The Arvind Store’

21 Nov 2014

Arvind is currently trading at Rs. 295.80, up by 3.70 points or 1.27 % from its previous closing of Rs. 292.10 on the BSE.

The scrip opened at Rs. 293.05 and has touched a high and low of Rs. 296.45 and Rs. 292.00 respectively. So far 55513 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 341.40 on 16-Sep-2014 and a 52 week low of Rs. 119.00 on 16-Dec-2013.

Last one week high and low of the scrip stood at Rs. 297.40 and Rs. 278.10 respectively. The current market cap of the company is Rs. 7620.75 crore.

The promoters holding in the company stood at 43.45 % while Institutions and Non-Institutions held 37.86 % and 18.56 % respectively.

Arvind is looking to expand the presence of its ‘The Arvind Store’ to 165, from the existing 142, by the end of this fiscal. Expansion, mostly through the franchise model, will have specific focus on Tier-II, III, IV, V cities and towns.

While, regular stores are approximately 1500 sq ft in size; flagships are around 4,000 sq ft. Currently, around 55 per cent of the demand in The Arvind Stores is for fabric; while the remaining is for branded apparels.

The Arvind Store offers mid to premium range shirting and suiting fabrics apart from three of its fast-moving brands - Arrow, US Polo Association and Flying Machine.

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Arvind Share Price

42.95 0.60 (1.42%) Jan 29, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
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