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Last Updated : May 21, 2019 10:11 PM IST | Source:

Hold Arvind; target of Rs 95: Sharekhan

Sharekhan recommended Hold rating on Arvind with a target price of Rs 95 in its research report dated May 17, 2019.

Broker Research @moneycontrolcom
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Sharekhan's research report on Arvind

For Q4FY2019, Arvind Limited’s revenue remained flat, mainly led by pressure on denim volumes; margins improved by 34 BPS y-o-y led by growth in advanced materials business. Denim sales volume will remain under pressure in the next 6-9 months; garmenting business to perform strongly in H2FY2019 as capacity increases. Revenue and PAT is expected to clock a CAGR of 8% each over FY2019-21.


We maintain our Hold recommendation with an unchanged PT of Rs. 95.

For all recommendations report, click here

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First Published on May 21, 2019 10:11 pm
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