The stock dipped 8% to Rs 188 after reporting a standalone net loss of Rs 56 crore for the quarter ended March 2015.
The stock soared 17% to Rs 1,002 after the company reported a net profit of Rs 38.13 crore in the March quarter against a loss of Rs 2.57 crore ...
In the past two weeks till Wednesday, the stock had appreciated by 24% compared to a 2.6% rise in the CNX Nifty.
Muted corporate earnings and growing prospects that the Fed Reserve may raise interest rates have dampened the sentiments
Meanwhile, Arvind announced that it will launch first Gap store on May 30, 2015.