Arvind Fashions Share: Shares of Arvind Fashions Limited saw a rise of more than 5 percent today on January 7. This stock closed at Rs 523.85 on BSE with a gain of 3.99 percent. This gain was seen after Equirus Securities issued a ‘long’ rating on the company’s stock. Equirus believes that the prospects of improvement in the company’s profits are increasing, which has strengthened the confidence of investors. With today’s rise, the market cap of the company has increased to Rs 6,980 crore. The stock’s 52-week high is Rs 639.45 and 52-week low is Rs 385.
What is the target for Arvind Fashions?
The brokerage firm said that the positive results of the corrective steps taken by Arvind Fashions in the last three years are now visible, which is expected to improve the profitability of Arvind Fashions. Equirus Securities has initiated ‘Long’ rating on the stock and set a target price of ₹753. According to today’s closing price, there is a possibility of a strong rally of about 44 percent in the company’s shares.
Brokerage Opinion on Arvind Fashions
Furthermore, the brokerage firm estimates that Arvind Fashion’s Return on Equity (RoE) and Return on Capital Employed (ROCE) will reach the levels of 18.5% and 19.9% by FY 2027. The brokerage expects the company’s Pre-IND AS free cash flow to the firm (FCFF) to grow to ₹2.5 billion by the financial year ending March 31, 2027.
Performance of Arvind Fashions shares
The performance of Arvind Fashions shares has been flat in the last one month. At the same time, it has not performed much in the last 6 months. In the last one year, its investors have got only 18 percent return. At the same time, it has made a profit of 75 percent in the last 5 years.
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