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Arvind rises as arm inks exclusive distribution agreement with Billabong

12 Dec 2012 Evaluate

Arvind is currently trading at Rs. 90.55, up by 0.65 points or 0.72% from its previous closing of Rs. 89.90 on the BSE.

The scrip opened at Rs. 90.00 and has touched a high and low of Rs. 91.25 and Rs. 89.95 respectively. So far 53,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 107.15 on 13-Feb-2012 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. 94.50 and Rs. 88.20 respectively. The current market cap of the company is Rs. 2,336.00 crore.

The promoters holding in the company stood at 42.53% while Institutions and Non-Institutions held 33.58% and 23.65% respectively.

Arvind’s subsidiary - Arvind Lifestyle Brands, has inked an exclusive distribution agreement with the iconic surf lifestyle brand Billabong in India. The company will market Billabong’s products through open stand-alone stores, as well as shop in shops in department stores and leading multi-brand stores.

In turn, Billabong will leverage Arvind’s significant expertise in building international brands in India to enhance its iconic status and presence in this important emerging market. All of which will help the company further augment its category leadership in the retail space through its truly robust multi-brand, multi-price and multi-channel strategy.

Ahmadabad based Arvind is the flagship company of the Lalbhai group. The company is one of India's leading composite manufacturers of textiles and is also among the largest denim manufacturers in the world. It also manufactures a range of cotton shirting, denim, knits and bottom weights (Khakis) fabrics. Arvind also markets branded apparels.

 

Arvind Share Price

382.70 -6.15 (-1.58%)
16-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Welspun Living 123.85
Vardhman Textiles 545.10
Arvind 382.70
K.P.R. Mill 894.60
Page Industries 36971.45
View more..

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