India's Arvind Fashions rises as Asian Market Securities initiates with 'buy'
BUZZ-India's Arvind Fashions rises as Asian Market Securities initiates with 'buy' ** Shares of India's Arvind Fashions ARVF.NS rise 1.4% to 452.45 rupees, on track for third session of gains
** Asian Market Securities initiates coverage of the stock with a "Buy" rating and a PT of 550 rupees, citing future growth and higher margins
** Sees long-term growth from the company's diversified brand portfolio like Tommy Hilfiger and Calvin Klein and investment in brand building and digital platforms
** Brokerage forecasts co's revenue to grow at a CAGR of 14% between FY26 and F28
** Expects co's EBITDA to grow 18% and net profit after tax to grow 30% between FY26 and FY28, respectively
** Stock down 9.37% YTD
(Reporting by Anushka Rajvedi in Bengaluru)
((mailto: anushka.rajvedi@thomsonreuters.com))
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