Post earnings Arvind Ltd slip 3 per cent
DSIJ Intelligence / 12 May 2017
Arvind Ltd touched its 52-week high on Thursday at Rs 426.50 per share.
Arvind Ltd slip almost 3 per cent and is trading at Rs 295 per share in the first hour of the trading session on Friday.
The company declared its Q4 earnings on Thursday and also declared dividends to the tune of 24 per cent or Rs 2.40 per share of Rs 10 each.
Arvind Ltd touched its 52-week high on Thursday at Rs 426.50 per share.
Over one year the stock is up by nearly 30 percent. The BSE Midcap index is up by nearly 34 per cent during the similar time-frame.
On YTD basis the stock is up by 16 per cent while the BSE Midcap index is up by 24.3 per cent.
Broader markets are seen correcting on Friday with the majority of the sectoral indices in red.
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