Buy Arvind Ltd; target of Rs 500: Sharekhan

Sharekhan's research report on Arvind Ltd

Recent correction of 12% in the stock price provides a good entry opportunity..Company’s demerger into separate entities will enhance value for shareholders as each business has different value propositions. Gradual improvement in textile business margins and 125-150 bps improvement in branded & retail (B&R) business margins will improve near-term margin prospects.

Outlook

We re-iterate our stance of value-unlocking for shareholders through demerger in separate entities. We maintain our Buy  recommendation on the stock with unchanged price target of Rs. 500. For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.