Arvind is currently trading at Rs. 57.55, up by 1.95 points or 3.51% from its previous closing of Rs. 55.60 on the BSE.
The scrip opened at Rs. 56.15 and has touched a high and low of Rs. 58.70 and Rs. 55.20 respectively. So far 22,53,464 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 58.70 on 27-Oct-2010 and a 52 week low of Rs. 30.10 on 25-May-2010.
Last one week high and low of the scrip stood at Rs. 58.70 and Rs. 53.70 respectively. The current market cap of the company is Rs. 1346.44 crore.
The promoters holding in the company stood at 39.13 % while Institutions and Non-Institutions held 15.77 % and 44.84 % respectively.
In a bid to fuel expansion in both its core and new businesses, Arvind Mills has lined up Rs 850 crore capex over the next five years. The investments will mainly be in scaling-up the company’s denim fabric production, expanding its retail chain - Megamart and bringing in more international brands.
The company aims to increase its Megamart store network to 400 from the present 175 by Financial Year (FY)13 and grow Big Megamart chain to about 15 in the next two years. At present, it has five Big Megamart outlets in Bangalore, Mumbai, Pune and Chennai. While Megamart is a small-format (3,000 sq ft) men's apparel store, Big Megamart is a large-value retail outlet spread across 20,000-40,000 sq ft.
Further, the company plans to launch two more international brands in India this year in the women's and kids segments. It already has six brands - Flying Machine, US Polo, Arrow, Energie, Izod and Gant in men's wear and Cherokee in mens and kids segment.
Arvind Mills has largest portfolio of international brands such as Lee, Wrangler, Nautica, Jansport, Kipling, Tommy, Arrow, US Polo, Pierre Cardin, Palm Beach, Cherokee, hart Schaffner Marx, etc.