Neutral Arvind Ltd For Target Rs.56 - Sushil Finance Ltd
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We had initiated coverage on Arvind Ltd on 9 th Jan.2020 with a buy rating. Based on last recommendation at a CMP of Rs. 33 we had a target price of 56.
With the recent run up in the share price, we have achieved the target price of Rs.56 generating returns of ~69%. We advise investors to book profits in Arvind Ltd. & change our rating to NEUTRAL and close the call on the company
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