Sameet Chavan of Angel Broking told CNBC-TV18, "Arvind has been correcting from the higher levels of Rs 290-300 over the past couple of months. However, it has now reached its multiple support zones of Rs 220-225 and daily moment oscillators are deeply oversold. Hence we believe some kind of technical bounce in Arvind. We have a buy recommendation with a stop loss of Rs 233 and target would be Rs 244."
The company's trailing 12-month (TTM) EPS was at Rs 14.62 per share. (Mar, 2015). The stock's price-to-earnings (P/E) ratio was 15.37. The latest book value of the company is Rs 106.07 per share. At current value, the price-to-book value of the company was 2.12. The dividend yield of the company was 1.05 percent.
Disclosure: Discussed stocks may have been recommended to his clients but analyst does not have any personal interest.
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