PM Modi Inaugurates Arvind's Rs150 Crore Varanasi Garment Plant, With Over 1,000 Jobs on the Cards
India, Oct. 26 -- The textile-to-retail group Arvind Limited has switched on a new garment plant in Uttar Pradesh, a move that adds finished-clothing capacity to its fabric strength. It lands in a year packed with acquisitions, fundraising and expansion, and the numbers behind it point to opportunity as well as some pressure ahead.
The Nifty 50 traded at 22,450, down 0.68%, while the Sensex fell 0.58% to 72,700 on Monday. Following this the shares of Arvind Ltd are trading at Rs. 480.00, down 0.24 percent on Monday. The stock touched the intraday high of Rs. 481.20 after opening at Rs. 480.65 before slipping to a low of Rs. 473.25. The company commands a market capitalization of Rs. 13,057.95 crore.
What Happened: A New Garment Plant O...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.