{"id":112906,"date":"2023-10-31T15:34:15","date_gmt":"2023-10-31T10:04:15","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112906"},"modified":"2023-10-31T16:37:23","modified_gmt":"2023-10-31T11:07:23","slug":"textile-stock-jumps-up-to-12-after-company-reported-robust-growth-in-q2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/textile-stock-jumps-up-to-12-after-company-reported-robust-growth-in-q2\/","title":{"rendered":"Textile stock jumps up to 12% after company reported robust growth in Q2\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1557247250\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this small cap textile company gained 11.7 percent after the company reported EBITDA growth of 14 percent and margins also increased. The company has a market capitalization of Rs. 4,657.89 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2887271552\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 02:25, 31st October shares of Arvind Ltd were trading at Rs. 199.20 per share, up by 11.7 percent from previous closing price of Rs. 178.20 per share. The stock has delivered multibagger returns of 110.13 percent in the last 1 year.&nbsp;<\/p><p>Such bullish stock price movements were observed after the company announced results for Q2FY24 today and reported revenue growth of 4 percent to Rs. 1,922 crores with EBITDA growth of 14 percent to Rs. 206 crores on a quarter on quarter basis. Moreover, the EBITDA margin of the overall business increased by 140 bps and touched 10.7 percent on a year on year basis.\u00a0<\/p><p>Looking at the profitability ratios, the company reported return on capital employed (ROCE) of 14.36 percent and return on equity (ROE) of 13.26 percent in the last financial year.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2903198343\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The ownership distribution within the company is as follows: the promoters hold about 41.14 percent of the shares, the public owns approximately 35.20 percent, Domestic Institutional Investors (DIIs) have a stake of 13.11 percent, and foreign institutional investors (FIIs) hold the remaining 10.55 percent.&nbsp;<\/p><p>Arvind Limited, a prominent player in the textile industry in India, has been a key presence in this sector for nearly eight decades. The company holds a significant position as one of the world&#8217;s top denim manufacturers. Additionally, it produces a variety of fabrics, including cotton shirting, denim, knits, and bottom weights (Khakis), along with manufacturing garments such as jeans and shirts.&nbsp;<\/p><p><strong>Written by: Vinit Israni\u00a0<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1669773954\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this small cap textile company gained 11.7 percent after the company reported EBITDA growth of 14 percent and margins also increased. The company has a market capitalization of Rs. 4,657.89 crores.&nbsp; At 02:25, 31st October shares of Arvind Ltd were trading at Rs. 199.20 per share, up by 11.7 percent from previous closing [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":12545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-112906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Textile stock jumps up to 12% after company reported robust growth in Q2\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this small cap textile company gained 11.7 percent after the company reported EBITDA growth of 14 percent and margins also increased. 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