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.
Arvind Fashions: Indian currently represents over 15% of the overall business worldwide and is the third largest market after the United States and Turkey. “India has the potential to be our largest market, how soon that will be, I don t know but I think it just has tremendous potential. It has a large young population, demographies are changing with wealth creation and it is one of the world s great economies and only getting better each and every day,” said J Michael Prince, President and CEO of USPA Global Licensing.
U.S. Polo Assn., representing the official United States Polo Association, in collaboration with Arvind Fashions introduced the Legends marketing campaign and the launch of its exclusive brand-specific website uspoloassn.in for the Indian market
Indian currently represents over 15% of the overall business worldwide and is the third largest market after the United States and Turkey. “India has the potential to be our largest market, how soon that will be, I don t know but I think it just has tremendous potential. It has a large young population, demographies are changing with wealth creation and it is one of the world s great economies and only getting better each and every day,” said J Michael Prince, President and CEO of USPA Global Licensing.