Buy Apparels Stock For TP Rs 689 As Recommended By Anand Rathi, Shares Gain 67% In 1-Yr

Anand Rathi has recommended investors to buy small cap apparels stock Arvind Fashions with target price of Rs 689. Last trading price of Arvind Fashions Ltd shares on BSE is Rs 532.55 per share. Arvind Fashions shares surged over 12% in last 2-weeks and gained 67% in last 1-year. The company's market capitalisation stood at Rs 7093.91 crore as on August 30, 2024 on BSE. Earlier, Arvind Fashions set August 9, 2024 as the record date for Rs 1.25 per share of Rs 4/- each for financial year ended March 31, 2024. Check details below:

Arvind Fashions Shares Performance: The 52-week high price of Arvind Fashions shares on BSE is Rs 600.00 per share (as on 27/06/2024) and 52-week low price is Rs 299.15 per share (as on 26/10/2023), respectively. Arvind Fashions shares offered return of 20% in last 3-months, gained 30% year-to-date, and surged 94% in last 2-years. In last 3-years, Arvind Fashions shares rallied 108% and zoomed 23% in last 5-years.

Arvind Fashions Dividend: The company recommended Rs 1.25 per share dividend and set August 9 as the record date on July 24. As per the regulatory filing dated July 24, 2024, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, the Company has fixed Friday, August 9, 2024 as the "Record Date" for the purpose of determining the entitlement of members of the Company for the payment of final dividend of Rs.1.25/- per fully paid-up equity share of Rs.4/- each for the financial year ended March 31, 2024."

The payment of dividend will be made on or after August 24, 2024, upon the same being approved at the Annual General Meeting scheduled to be held on Monday, August 19, 2024, added the exchange filing of the company.

Arvind Fashions About: Arvind Fashions Ltd is the leading lifestyle company in India, offering the widest array of fashion brands in the country. Its heritage traces back to Arvind Ltd, India's largest integrated textile player and one of the oldest and most respected groups in the Textile Business in the country. Its brands are retailed in over 1,300 standalone stores and about 5,000 departmental and multi-brand stores in over 192 cities and towns across India. They are also available online on its proprietary e-commerce platform, NNNOW.COM, and other third-party online marketplaces.

Disclaimer: The stock has been picked from the brokerage report of Anand Rathi. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.