Moneycontrol Be a Pro
Get App
Last Updated : Aug 08, 2019 03:39 PM IST | Source: Moneycontrol.com

Hold Arvind; target of Rs 66: Sharekhan

Sharekhan recommended hold rating on Arvind with a target price of Rs 66 in its research report dated August 06, 2019.

Broker Research @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Sharekhan's research report on Arvind


Arvind Limited’s (Arvind) revenue grew by ~5% y-o-y to Rs. 1,897 crore; Textile business grew by 4%, while advanced material business revenue grew by 31%. OPM declined by 298 BPS to 8.1% due to sub-scale operations in new garment plants. H1FY2020 margins will be lower on a y-o-y basis; however, they are expected to improve in H2FY2020 as new operation facilities will run with optimal utilisation.


Outlook


Reduced our earnings estimates to factor in subdued performance; Maintain Hold with a revised PT of Rs. 66.

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.



Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Aug 8, 2019 03:39 pm
Loading...
Sections
Follow us on
Available On