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Arvind Fashions jumps on strengthening partnership with Flipkart Group

09 Jul 2020 Evaluate

Arvind Fashions is currently trading at Rs. 172.90, up by 2.90 points or 1.71% from its previous closing of Rs. 170.00 on the BSE.

The scrip opened at Rs. 172.40 and has touched a high and low of Rs. 178.50 and Rs. 163.05 respectively. So far 255296 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 4 has touched a 52 week high of Rs. 615.89 on 10-Jul-2019 and a 52 week low of Rs. 110.55 on 20-May-2020.

Last one week high and low of the scrip stood at Rs. 181.40 and Rs. 157.15 respectively. The current market cap of the company is Rs. 1761.06 crore.

The promoters holding in the company stood at 35.58%, while Institutions and Non-Institutions held 36.52% and 27.90% respectively.

The Flipkart Group and Arvind Fashions (AFL) have strengthened their partnership, through an investment of Rs 260 crore by Flipkart Group to purchase a significant minority stake in AFL’s recently formed subsidiary Arvind Youth Brands which will own the Flying Machine brand. This investment builds on long-standing engagement between the two organizations that have been working together for several years to address the demands and needs of the fashion-conscious youth in India.

Arvind Fashions is India's leading casual and denim player, a lifestyle powerhouse with a strong portfolio of fashion brands catering to consumers across sub-categories and price points.

Arvind Fashions Share Price

474.70 0.25 (0.05%)
17-Apr-2026 16:59 View Price Chart
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