*Arvind Ltd.*
C&H Formation on Yearly Basis.
Strong Price BreakOut & Sustained.
Vol. Consolidation & Continued BuiltUp.
Strong Resistance @160.
Trail SL with Upside.
Book Profit as per Risk Appetite.
AL is vertically integrated textile Co.
Vintage: ~8 Decades in this industry.
Largest denim manufacturers in world.
Sales: Export/Domestic: 51%/49%.
Stable Sales/Profit: Qtrly/Yearly (Growing) Basis. Sharp reduction in Debt. Improving TNW for FY23. +ve CF from Ops. Satisfactory WC Cycle.
Capex plan: ~₹150-₹200 Crs each - FY23-FY25.
Owns 525,000 square yard free-hold land in Gandhinagar, Developing 353 villas in ~330,000 square yards.
Stable Promoters Stake. FIIs/DIIs Stake: Increasing.
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
C&H Formation on Yearly Basis.
Strong Price BreakOut & Sustained.
Vol. Consolidation & Continued BuiltUp.
Strong Resistance @160.
Trail SL with Upside.
Book Profit as per Risk Appetite.
AL is vertically integrated textile Co.
Vintage: ~8 Decades in this industry.
Largest denim manufacturers in world.
Sales: Export/Domestic: 51%/49%.
Stable Sales/Profit: Qtrly/Yearly (Growing) Basis. Sharp reduction in Debt. Improving TNW for FY23. +ve CF from Ops. Satisfactory WC Cycle.
Capex plan: ~₹150-₹200 Crs each - FY23-FY25.
Owns 525,000 square yard free-hold land in Gandhinagar, Developing 353 villas in ~330,000 square yards.
Stable Promoters Stake. FIIs/DIIs Stake: Increasing.
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇