Arvind is currently trading at Rs. 78.45, up by 0.05 points or 0.06% from its previous closing of Rs. 78.40 on the BSE.
The scrip opened at Rs. 78.40 and has touched a high and low of Rs. 80.25 and Rs. 77.00 respectively. So far 716640 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 111.15 on 01-Nov-2011 and a 52 week low of Rs. 59.05 on 30-Aug-2012.
Last one week high and low of the scrip stood at Rs. 80.35 and Rs. 72.25 respectively. The current market cap of the company is Rs. 2008.87 crore.
The promoters holding in the company stood at 42.53% while Institutions and Non-Institutions held 33.48% and 23.74% respectively.
Arvind’s subsidiary, Arvind Lifestyle Brands, one of the largest players in the apparel brands and retail space, has acquired business operations of British fashion retailers Debenhams, Next and American Lifestyle Brand Nautica in India from Planet retail.
Acquisition of ‘Debenhams’ signals the entry of Arvind into the Bridge to Luxury Department store segment. The company plans to increase the current numbers of Debenhams stores in India from 2 to 8 in the next 3 years. Further, the company will also enter into the fast growing segment of apparel specialty retail through ‘Next’. The company plans to increase number of Next stores from 3 to 12 in the next 3 years.
Moreover, the licensing agreement with Nautica will strengthen company’s already strong position in high potential sportswear segment of the market. The company plans to set up additional 30 Nautica stores taking the tally of 41 free standing Nautica stores and 71 shops in next three.
