The country's leading retailer competes with brands like HUL's Lakme, Nykaa, Tata and LVMH's Sephora in India's growing beauty and personal care marketplace.
Founded in 1983, Pitti Engineering is one of the leading manufacturers and exporters of electrical laminations from India and one of the leading suppliers to all motor manufacturers domestically.
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