Arvind gains on incorporating wholly owned subsidiary
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Arvind is currently trading at Rs. 94.65, up by 1.45 points or 1.56% from its previous closing of Rs. 93.20 on the BSE.
The scrip opened at Rs. 93.10 and has touched a high and low of Rs. 95.20 and Rs. 93.10 respectively. So far 35327 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 158.65 on 28-Jan-2022 and a 52 week low of Rs. 82.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 95.20 and Rs. 90.10 respectively. The current market cap of the company is Rs. 2473.31 crore.
The promoters holding in the company stood at 41.25%, while Institutions and Non-Institutions held 21.90% and 36.84% respectively.
Arvind has incorporated wholly owned subsidiary namely ‘Arvind Technical Products’ on November 25, 2022. The wholly owned subsidiary has been incorporated to meet the prerequisite for participation in Production Linked Incentive (PLI) scheme for textiles. Arvind Technical Products shall carry on the business of manufacturing and marketing of textile products.
Arvind is India’s largest integrated textile player and is one of the oldest and most respected groups in the Textile Business in India. The company is also one of the largest producers of denim fabrics and is supplier to a large number of fashion brands in the world.
