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avind mills a value buy
Posted by :
bagram
dear tara
what are the better stocks in present sceniaro
can you mention
usefull for investors...
avind mills a value buy
Posted by : tara23thanks for the opinion... i feel... there are better stocks than this... ...
avind mills a value buy
Posted by :
stocktobuyinvestor its a value buy. going forward there would be possible demerger and improvement in performance..i recommend a strong buy for medium to long term....
arvind mills
Posted by : stocktobuy
Arvind Mills wants to shed its textile player tag and become an aggressive player in the brands and retail space. Sanjay Lalbhai, its Chairman and Managing Director, says the growth in the retail businesses will outstrip the fabrics business in the near-term. "We are strengthening our brands and retail model to create value for stakeholders. Brand and retail business is likely to comprise 70-80% of the portfolio by 2015. We expect organised apparel in retail to grow to USD 6-7 billion by 2015. Retail sales are likely to double to Rs 1,000 crore by 2015.”
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The denim manufacturer plans to target the mass textile retail segment via Mega Mart. "We will focus on the domestic market for sustainable growth.”
According to him, the company is adding 200,000 sq ft of real estate every year to scale its retail business. "We will infuse Rs 200 crore in the retail business in the next two years. We may rope in a strategic investors for our retail business expansion and are also eyeing a foreign brand in the super premium segment."
Lalbhai expects the current fabric business to grow at 10-15% annually. "The Indian denim market is growing at 15% as compared to 4-5% degrowth globally."
Arvind Mills, he says, plans to monetise its land bank, which is valued at Rs 700 crore. "We are likely to get government approvals for land development by December 2009. This will be used for low-cost housing, residential, and commercial purposes. Three townships are in the pipeline. We are likely to bring in a developer at a later stage."
The company`s telecom subsidiary is value creating, he says. "We are leaders in data and traffic managment system. Our telecom subsidiary is seeing a 30-40% business growth."
Speaking on the road ahead for the rupee-dollar, Lalbhai says he expects the Indian unit to be volatile. "The rupee advantage is not sustainable."
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arvind
Posted by : chief_kamanistocktobuy-Many Thanks for recommending arvind mills to makes smart gains!! ...
oh good.. for a day or from today......
arvind
Posted by : stocktobuyarvind mills makes smart gains...
‘Address issue of talent shortage’ – Mr Shermon at Intexcon
Posted by : jalunm
All the 200 plus delegates and participants in the International Conference on “Steering Mature Business: A Leadership Challenge to Textile Industry” widely appreciated the proceedings and informative discussions held on day-1 of the conference. The delegates were impressed in particular, by the depth to which subjects were either presented or discussed and it proved to the hilt, to be as Dr PR Roy termed it; “Conference with a difference”.
Day-2 and the first session of the conference saw luminaries from various sectors, but connected with the textile and apparel industry in one way or the other. Mr Rishi Oswal, Managing Director of Malwa Industries Ltd. and a force to reckon with in the textiles sector moderated session-1 of the proceedings. Present with him on the stage were Dr Ganesh Shermon, partner KPMG, Mr Gautam Chakravarti, Executive Director, Blackstone Advisors India Pvt Ltd and Mr Aamir Akhtar, CEO, Lifestyle Fabrics (Denim), Arvind Ltd.
The first presentation was delivered by Dr Shermon on ‘Human capital needs and its management in a globally competitive textile industry’. Dr Shermon kept the audience spellbound and spoke about the need to address the individual needs of an employee to be synchronized with that of the textile company and called on the industry to address the issue of talent shortage in the sector.
He stressed on the need to introduce the concept of ESOPs’ and other incentives in the sector, which are available to employees in other sectors to attract the right talent and also do a turnaround and replace the original concept of ‘customers first and employee second’ with ‘employee first and customer second’ as after all it was the employee who directly handled the customer and for him/her, in order of priority, the customer as it is, came first and also encouraged leaders to wear multiple caps in order to drive costs.
Next Mr Chakravarti shared experiences of Blackstone Advisors about its investments and explained in length about Gokaldas Exports, the biggest apparel exporter from India and spoke about the position of apparel retail industry in current times. He looked in to the inefficiencies in the supply chain system and said that it would not be possible to only compete on strength of low labour costs alone. He exhorted the clothing exporters to have quicker turnaround time and develop the capability to deliver in smaller lots.
The last speaker of this session was Mr Amir Akhtar. He spoke on the business potential of denim fabrics as of date and in the future and presented statistical data on production and sales of denim in the Indian and global context. The session ended with each of the panelists answering queries put forth by the delegates and participants present in the hall.
Session-2 was once again a panel discussion on ‘Branding and Fashion Apparel Retail’, which was moderated by Dr Atanu Ghosh, Professor at IIM, Ahmedabad. The panel members were, Mr Shreyas Joshi, President, (Apparel Group) Raymond Ltd., Mr J Suresh, CEO, Arvind Brands, and Mr Ashish Dixit, President, Madura Garments (Lifestyle brands). ...
news on arvind
Posted by : Popatpyare
See the profit margin % of gangotri from the date of TIP and compair with aRVIND.
After all at here PROFIT should be our target.
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NSE Announcements on Arvind
Posted by : MMB MessengerArvind Limited has informed the Exchange that "The Hon’ble High Court of Gujarat at Ahmedabad by its Orders dated 7th September, 2009 has sanctioned the Scheme of Arrangement in the nature of demerger and transfer of brands business division of Arvind Limited into Arvind Lifestyle Brands Limited and retail business division of Arvind Limited into Arvind Retail Limited with effect from appointed date 1st April, 2009 filed under Sections 391 to 394 of the Companies Act, 1956. The Form No. 21 (3 Nos.) in respect of the above orders have been filed by us with Registrar of Companies, Gujarat"....
BSE Announcements on Arvind
Posted by : MMB MessengerArvind Ltd has informed BSE that the Honble High Court of Gujarat at Ahmedabad by its Orders dated September 07, 2009 has sanctioned the Scheme of Arrangement in the nature of demerger and transfer of brands business division of Arvind Ltd. into Arvind Lifestyle Brands Ltd. and retail business division of Arvind Ltd into Arvind Retail Ltd with effect from appointed date April 01, 2009 filed under Sections 391 to 394 of the Companies Act 1956. ...
news on arvind
Posted by : Jaykumaran
Sapper,
Sorry I was away, and could not reply.
Hope you are still holding Arvind.
The Good Days have come. This will for sure show you 50s Level. Wait and Watch...
You may exit at 50-53 and can re-enter agains at lower level....
Add some selected scripts to your Investment Portfolio:
Posted by : Guestwait should cross 100 shortly...
