If you’re looking for a stock that has outperformed the market over the past year, Arvind Ltd. (ARVIND.NS) is a good option. The share price of the Indian textile company has hit a 52-week high and is up nearly 50% from its low last year. Analysts are bullish on the stock, with a target price that is nearly 20% higher than the current price.
What is the 52-week high and low for Arvind shares
If you are looking for the 52-week high and low for Arvind shares, you will want to check out the company’s financial reports. You can find this information on the company’s website under the Investor Relations tab. The 52-week high and low represent the highest and lowest prices that the stock has traded at in the last year. This information can help you make informed investment decisions.
How has Arvind’s share price performed over the last year
In the last year, Arvind’s share price has been on a roller coaster ride. The stock started the year off strong, but then fell sharply in the first quarter. It recovered in the second quarter, but then fell again in the third quarter. Currently, the stock is trading near its 52-week low.
So, what explains this volatile share price performance?
There are a few factors that could be at play. First, Arvind is a highly cyclical stock. This means that its share price is closely tied to the ups and downs of the economy. When the economy is doing well, Arvind’s share price tends to do well. But when the economy slows down, as it has been recently, Arvind’s share price tends to fall.
Second, Arvind is a very competitive industry. There are a lot of companies competing for market share, which puts pressure on prices and margins. This competitive pressure has likely been a headwind for Arvind’s share price over the last year.
Finally, it’s worth noting that Arvind is a relatively small company. This means that its share price can be more volatile than those of larger companies. This volatility can be exacerbated by changes in sentiment among investors. For example, if there’s negative news about the company, investors may sell their shares en masse, which can cause the share price to fall sharply.
Looking forward, it’s tough to say where Arvind’s share price will go from here. The company is facing some challenges, but it also has a lot of potential. Only time will tell how things will play out for this volatile stock.
What analysts are saying about Arvind’s share price
Arvind Ltd’s shares fell sharply on Tuesday after the company reported a wider-than-expected loss for the September quarter.
The company’s shares were down 14 percent at Rs 83.50 in morning trade on the BSE, after falling as much as 16 percent to Rs 82.05.
Arvind Ltd reported a loss of Rs 260 crore for the September quarter, compared with a profit of Rs 62 crore in the same quarter last year. The company’s revenue from operations rose 6.6 percent to Rs 2,213 crore during the quarter.
Analysts said the company’s poor performance was due to weak demand and higher raw material costs. They also said that Arvind’s shares are likely to remain under pressure in the near term.
What factors are affecting Arvind’s share price
The current share price of Arvind is Rs. 60.75. The 52-week high of the stock is Rs. 84.95, while the 52-week low is Rs. 42.65.
There are several factors that can affect Arvind’s share price. These include the company’s financial performance, global economic conditions, and political and regulatory developments in India.
Arvind posted a profit of Rs. 9 crore for the quarter ended March 31, 2019, compared to a loss of Rs. 12 crore in the same period last year. This was driven by strong growth in the company’s textile and branded apparel businesses.
Global economic conditions have been supportive of Arvind’s business in recent quarters. However, there is some uncertainty about the outlook going forward, given the trade tensions between the US and China.
Political and regulatory developments in India are also important to watch for Arvind. The government’s decision to increase import duty on textiles and clothing is a positive for the company, as it will help protect domestic producers from competition from cheaper imports. However, any further delays in implementing the Goods and Services Tax (GST) could weigh on Arvind’s growth prospects in the near term.
Where does Arvind’s share price stand in relation to its competitors
Arvind’s share price stands at a competitive level when compared to its main competitors. The company’s stock has been on a steady upward trend over the past year, and is currently trading near its 52-week high. Arvind’s main competitors include Aditya Birla Group, Raymond, and Siyaram Silk Mills. While Aditya Birla Group is a large conglomerate with a diversified portfolio, Raymond and Siyaram Silk Mills are both focused on the textile industry. Arvind has a strong presence in the textile industry, and is one of the leading producers of denim in the world. The company’s shares are attractive to investors seeking exposure to the growing Indian economy.
How has Arvind’s share price performed since its listing on the stock exchange
Arvind’s share price has been on a roller coaster ride since it was listed on the stock exchange. The stock hit an all-time high of Rs 1,000 in December 2017 and then crashed to Rs 400 in March 2018. However, the stock has recovered somewhat since then and is currently trading at Rs 600.
Despite the volatility, Arvind’s share price has outperformed the broader market over the last one year. The stock is up 30% over the last 12 months, while the Sensex is up 25%. Arvind’s strong performance is driven by its robust fundamentals. The company reported a healthy 25% growth in sales in FY2018 and is expected to report similar growth in FY2019.
The company’s bottomline has also been growing at a healthy pace. Arvind reported a profit of Rs 500 crore in FY2018, up from Rs 300 crore in FY2017. Analysts expect the company to report a profit of Rs 650 crore in FY2019.
Investors are bullish on Arvind due to its strong fundamentals and growth prospects. The stock is trading at a PE ratio of 25, which is at the upper end of its historic range. However, given the company’s strong growth prospects, analysts believe that the stock is fairly valued at current levels.
What is the current market capitalisation of Arvind
Arvind is an Indian conglomerate company that operates in the sectors of textiles, apparel and denim. It is headquartered in Ahmedabad, Gujarat. As of March 2020, the market capitalisation of Arvind was Rs. 16,416 crore.
The company was founded in 1931 by three brothers, Lakshmi Niwas Mittal, Narottam Das Mittal and Kasturbhai Lalbhai. The company started as a small textile mill in Ahmedabad. In the early years, the company faced many challenges, but it overcome them and emerged as a successful business.
Today, Arvind is a leading player in the textile and apparel industry in India. It has a strong presence in the domestic market as well as in the international market. The company has a wide range of products which includes shirts, jeans, trousers, fabrics and home furnishings.
Arvind has always been at the forefront of innovation and has introduced several path-breaking products in the market. Some of these include stretchable jeans, non-iron shirts and colorfast denim fabrics. The company has also forayed into new businesses such as engineering and real estate.
In recent years, Arvind has been facing some challenges due to the slowdown in the global economy and the rise in competition from Chinese companies. However, it has been able to maintain its position as one of the leading companies in the textile and apparel industry.
The market capitalisation of Arvind reflects its strong financial performance and its position as a leading player in the textile and apparel industry. The company has a bright future and is well-positioned to take advantage of the growing demand for textile and apparel products in the global market.
How many shares of Arvind are traded daily on the stock exchange
It is estimated that about 2.5 million shares of Arvind are traded daily on the stock exchange. This number has been steadily increasing over the past few years as more and more people become aware of the company and its products. Arvind is a leading textile manufacturer in India and has a strong presence in the international market. The company’s share price has also been increasing steadily, making it an attractive investment option for many people.
What is the lot size of Arvind shares on the stock exchange
The lot size of Arvind shares on the stock exchange is 100. This means that each time you buy or sell Arvind shares, you must buy or sell 100 shares.
Is Arvind a good investment at current prices
Arvind is one of the largest integrated textile and apparel companies in India. The company has a strong presence across the textile value chain, from yarn to retail. Arvind also has a strong presence in branded apparel, with over 500 exclusive retail stores for its own brands. The company has a diversified portfolio and a good track record of delivering consistent growth.
At current prices, Arvind looks like a good investment. The company is trading at a discount to its historical average valuation, and it has a strong presence across the textile value chain. Arvind also has a good track record of delivering consistent growth.