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Verticalisation of the textile segment, promising prospects of the branded apparel segment and a healthy order book in the engineering segment reinforce our confidence in the stock.
Kulin Lalbhai, ED - New Initiatives at Arvind says a core part of the strategy will be a rapid rollout of 'The Arvind Store' retail format, which will be expanded to 400 outlets in next five years from 100 now.
Arvind Lifestyle Brands, a unit of textile firm Arvind Ltd, expects sales of Rs 5,000 crore in the next 5 years, helped by strong growth in the existing business and acquisition of new brands.
Arvind Lifestyle Brands, a subsidiary of Arvind, has acquired the business operations of Debenhams, Nautica and Next business in India from Planet Retail.
Aashish Tater, Head of Research, Fort Share Broking, joins CNBC-TV18 to give a few multi-bagger ideas. He also gives his view of the markets today.