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Arvind Fashions stock gains 18% in January so far; is this the right time to buy?

After an almost 18 percent rise in Arvind Fashions just in January, Nuvama sees another 38 percent upside in the next 1 year. The brokerage believes the firm is perfectly positioned for a valuation re-rating. It has initiated coverage on the stock with a ‘buy’ rating and a target price of ₹660. ....

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