Arvind Fashions is well-placed to scale up brands such as Arrow, Tommy Hilfiger, Calvin Klein and Flying Machine backed by an experienced management team as showcased in the case of U.S. Polo Association (USPA).
Systematix Institutional Equities has initiated coverage on Arvind Fashions with a ‘buy’ call. The brokerage has a target price of ₹515 for Arvind Fashions, indicating an upside of over 40 percent.
Arvind Fashions was trading 11.76 per cent lower at Rs 295 level. The Rs 567 target by Anand Rathi suggests a 90 per cent potential upside on the stock over Friday's intraday level