Arvind back on "investor" radar

Arvind is amongst the top gainers on the BSE, currently up almost 5% at Rs.264.40 and nearer its intra day high of Rs.265.80.

The stock is up mainly on the back of bargain investors, deciding to stock up on the scrip, given its attractive valuations and fundamentals. Many analysts have started recommending the stock with Motilal Oswal expecting the company to double its revenue and margins over the next three years. Compared to its peer, Aditya Birla Nuvo, many find Arvind better placed to sprint to the next phase of growth.

The company had ended Q4FY15 with a 49% (YoY) drop in net profit at Rs.48 crore due to an exceptional expense of Rs.48 crore. And it ended FY15 with a net profit of Rs.341 crore v/s Rs.354 crore in FY14 and net sales rose from Rs.6913 crore to Rs.7815 crore.