Arvind surges as its arm inks pact to market, sell basic intimate apparel in India

11 Feb 2013

Arvind is currently trading at Rs. 90.55, up by 1.25 points or 1.40% from its previous closing of Rs. 89.30 on the BSE.

The scrip opened at Rs. 89.60 and has touched a high and low of Rs. 91.50 and Rs. 88.65 respectively. So far 129511 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 107.50 on 16-Jan-2013 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. 95.00 and Rs. 89.00 respectively. The current market cap of the company is Rs. 2336.58 crore.

The promoters holding in the company stood at 43.50% while Institutions and Non-Institutions held 35.68% and 20.60% respectively. 

Arvind Lifestyle Brands, a subsidiary of Arvind, has entered into an agreement to market and sell basic intimate apparel in India under the Hanes and Wonderbra brands, two of the largest and well known global apparel brands, under a licensing agreement with US based Hanesbrand.

Recently, the Arvind Lifestyle Brands inked a long term licensing agreement with Iconix Lifestyle India, a joint venture (JV) between Iconix Brand Group, USA and Reliance Brands for Ed Hardy.

Ahmedabad 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.

Related Arvind Ltd. Links:

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