Arvind on Ascending Triangle Breakout
ARVIND
About Company : Arvind is a leading manufacturer of denim and woven fabrics, with capacities of 100 million meters per annum. The breakdown as below
Denim - 18.5%
Woven Fabrics - 46%
Garments - 27%
Others - 8.5%
Fundamentals : Stock is trading at 30 P/E and is giving ROCE of 12%. ICR is 3.89 which is decent
Technicals : Stock is trading above it's 10>21 EMA and is looking to give Ascending Triangle breakout above 399. Good to be added
About Company : Arvind is a leading manufacturer of denim and woven fabrics, with capacities of 100 million meters per annum. The breakdown as below
Denim - 18.5%
Woven Fabrics - 46%
Garments - 27%
Others - 8.5%
Fundamentals : Stock is trading at 30 P/E and is giving ROCE of 12%. ICR is 3.89 which is decent
Technicals : Stock is trading above it's 10>21 EMA and is looking to give Ascending Triangle breakout above 399. Good to be added
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