Arvind share price hits 52-week high as Phillip Capital initiates coverage
Thu, Jul 4, 2024 11:42 AM

Arvind share price hits 52-week high as Phillip Capital initiates coverage

A Flip by Riya Sharma
Get it on Google Play
Arvind's share price surged 4% to a 52-week high of ₹398.80 after Phillip Capital initiated coverage with a 'Buy' rating and a target price of ₹514, implying a 35% upside. The brokerage firm forecasts healthy growth for Arvind, driven by its technical textiles and garmenting businesses, with revenue, EBITDA, and PAT expected to grow at CAGRs of 11%, 18%, and 30%, respectively, over FY24-FY26E.

More great flips

1,06,700% Gain: Waaree Renewables Technologies

1,06,700% Gain: Waaree Renewables Technologies

The Indian equity market has witnessed remarkable growth since the low of March 2020. Among the numerous stocks that turned into multibaggers, 💰Waaree Renewables Technologies has soared from Rs 1.80 to Rs 1,922, delivering an astonishing gain of 1,06,700%. 📌Key triggers: ✔️Robust Financial Performance, ✔️Sectoral Advantages, ✔️Significant Order Book, ✔️Outstanding Financial Growth.

Open Flip
3 High-Yield Energy Stocks That Are Screaming Buys in July

3 High-Yield Energy Stocks That Are Screaming Buys in July

Finding high-yield stocks when the S&P 500 index is yielding a scant 1.3% may sound like a daunting task, but it isn't. Here are three high yields that are both attractively high and not laden with risk: 📌Enterprise Products Partners is a rock in stormy seas 📌WEC Energy's regulated assets are changing shape 📌TotalEnergies mixes oil and renewables better than peers.

Open Flip
Drone Destination Gains 180% in Just 3 Months

Drone Destination Gains 180% in Just 3 Months

Drone Destination stock has attracted a heavy volume, reflecting strong demand in the market, and hits the upper circuit. Regarding the shareholding pattern, the promoters own 61.30% of the company. The stock has generated an impressive multibagger return of over 180 per cent in just 3 months only. The current market capitalization stands at Rs 1098.97 crore.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon