Moneycontrol.com >> Messageboard >> Stocks >> Arvind >> Excellent Q2 Also

pkumar73

Platinum Member

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Arvind Q2 net sales were up at Rs 597.7 crore versus Rs 580.9 crore. Net profit was ... Read full message

1.42 PM Nov 2nd 2009 | Track

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pkumar73

Platinum Member

17 Followers

Arvind Q2 net sales were up at Rs 597.7 crore versus Rs 580.9 crore. Net profit was up at Rs 15.19 crore versus Rs 1.6 crore.
Excellent results

1.42 PM Nov 2nd 2009

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asitbela

Gold Member

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With excellent figured the stock should move up ????

1.06 PM Nov 3rd 2009

money_vn

Silver Member

0 Follower

I guess the result is already factored into the price

At 15 Cr profit(qtr) and around 22 Cr outstanding shares .. the EPS works around 15*4/22 ~ Rs 3

At a P/E of around 10-12 (for textile) .. the pricing of Rs 30-36 is reasonable.

Obviously this is a thumb rule.

Remember the market cap of Arvind is around Rs 700 Cr at todays prices . This doesnt make it a mid cap stock also.

Most of the attention and liquidity in the market is focussed towards large cap stock.

Patience is all i can say ... a good time to keep on buying ....Arvind is a stock for a patient and a value based investor

3.32 PM Nov 3rd 2009