Arvind firms up after Q2 results

Arvind rose 4.57% to Rs 280.05 at 13:41 IST on BSE after consolidated net profit fell 2.39% to Rs 91.03 crore on 6.69% increase in total income to Rs 2128.40 crore in Q2 September 2015 over Q2 September 2014.

The result was announced during trading hours today, 5 November 2015.

Meanwhile, the BSE Sensex was down 84.24 points, or 0.32%, to 26,468.68.

On BSE, so far 6.72 lakh shares were traded in the counter, compared with an average volume of 2.09 lakh shares in the past one quarter.

The stock hit a high of Rs 281 and a low of Rs 265.75 so far during the day. The stock hit a 52-week high of Rs 327.50 on 3 August 2015. The stock hit a 52-week low of Rs 216.20 on 16 June 2015.

The stock had underperformed the market over the past one month till 4 November 2015, falling 1.67% compared with 1.27% rise in the Sensex. The scrip had underperformed the market in past one quarter, falling 15.12% as against Sensex's 5.41% decline.

The mid-cap company has an equity capital of Rs 258.24 crore. Face value per share is Rs 10.

The scheme of arrangement between Arvind and its wholly-owned subsidiary Arvind Infrastructure (AIL) for demerger and transfer of real estate undertaking (demerged undertaking) to AIL sanctioned by the High Court of Gujarat has become effective from 1 April 2015. Consequently, the company has demerged the real estate undertaking and hence the results for the quarter are not strictly comparable with previous corresponding periods presented, Arvind said in a statement.

Arvind is a textiles & clothing conglomerate.

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