Arvind on a lifetime high

Arvind seems to be on a dream run currently, with the stock today hitting a new lifetime high at Rs.259.80 and currently continues to hover around the same levels.

The stock is reacting to the statement it issued today morning, that that Arvind Lifestyle Brands Ltd., a subsidiary company, has entered into an Agreement with Gap Inc., to open Gap stores in India. And this comes close on the heels of its announcement yesterday that this very same subsidiary has entered into a franchise agreement with The Children’s Place, the largest pure play children’s specialty apparel retailer in USA. Two days before this, the company announced its foray into the booming e-commerce sector with custom clothing brand, Creyate.

Thus with an announcement almost one every day, the stock seems to be poised for some very good times.