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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.