Arvind had taken some forward cover on the rupee and are hence yet to get the full benefit of rupee depreciation. They will be almost on par with the rupee rate in the third and the fourth quarter.
Aashish Tater of Fortunewizard.com advised buying Jet Airways for a target price of Rs 416 and SpiceJet for a target price of Rs 26.15.
In CNBC-TV18's popular show Bull's Eye, Nooresh Merani, AMSEC Research shares trading strategy of the day.
In CNBC-TV18's popular show Bull's Eye, Lancelot D Cunha, ITI Wealth Management shares trading strategy of the day.
Arvind Ltd is one of the largest producers of denim in the world, with an annual capacity of 108 million metres. It is the largest manufacturer, marketer and exporter of textile fabrics and garments in India.
"It would be wise to not trade on a day when newsflow is heavy," said Sudarshan Sukhani of S2analytics.com.
It is F&O expiry today, a tricky day for the traders. “During the expiry there is lot of volatility, one cannot predict how things will move and on which levels will it expire,” he told CNBC-TV18.
The earnings results for Q2FY11-12 are either in line or below expectations. So far, the corporate results have not been encouraging.
Sharekhan has come out with its rollover report for October 2011 series.
SP Tulsian of sptulsian.com picked NMDC and Arvind Mills as his multi-bagger ideas for the day.
The market was a bit wobbly today morning when the Nifty went below 5500, but that got arrested quickly. It came up in the green and closed around the 5550 mark, but there was no attempt to touch 5600.
Avinash Gorakshakar of Edelweiss Financial is of the view that one should buy Arvind Mills.
Kunal Sarawagi of Equityrush feels that investors should hold Arvind Mills.
International retail brands are keen on business in India, but many are struggling to find the right Indian partner. CNBC-TV18's Tanvi Shukla delves deeper to know what has really going wrong in the industry.
Forget costlier air travel, healthcare and hotel accommodation, even your clothes will get costlier - thanks to the finance minister. CNBC-TV18's Tanvi Shukla and Supraja Srinivasan delve deeper.
Naishad Parikh, Head of Policy Initiatives, Representative, Arvind Mills and Sunil O Khandelwal, CFO of Alok Industries analyse the few perks that have benefited the garment industry and the all round budget impact that hasn’t been up to the mark as per the recommendations of Textile Industry.
In an interview with CNBC-TV18, Sanjay Lalbhai, CMD, Arvind Mills gave his perspective on the quarter gone by and the road ahead.
In a chat with CNBC-TV18's Reema Tendulkar and Gautam Broker, SP Tulsian gives his fundamental view while Mitesh Thacker gives his technical view on various stocks/sectors.