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Technical Analysis, Share Price Target, Support, Resistance, Charts of Arvind Limited


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Latest Updates on Arvind Limited

Arvind on 24th May 2017 confirms that they will send 10 mn on Ecommerce vertical  (online business) in FY17.  Company had spent over million plus in last year. Arvind owns and manages parnerships with multiple local and global brands like Flying Machine, Arrow, US Polo, Tommy Hilfiger, Gant, Nautica and Gap. Last year in September 2016 company acquired FreeCultr (an e-commerce company)

Share price of Arvind on 24th May 2017 closed negative at Rs.356.35 at NSE.
Market analysis are feeling bulling in Arvind from current levels.

ARVIND has posted its Q4 numbers on 11th May 2017. Company has declared a net profit fall of 0.92% to Rs.96.92 cr ended March 2017 on account of higher expenses. In last fiscal company had posted a net profit of Rs. 97.82 cr.

Arvind Ltd Director and Chief Financial Officer Jayesh Shah said: "In the context of demonetisation and sharp increase in cotton prices as well as appreciation of rupee, our performance is quite satisfactory."

He further said: "We will continue to have a double digit growth in the current financial year led by robust growth in our brand and retail business".

Share price of Arvind Ltd closed at Rs. 407.65 down by 3.11% on BSE.