SIP Stock with Anil Singhvi: Double price in 2 years! Market Guru recommends this stock – All details here

Arvind Fashions share was selected as the SIP stock of the day in the today's edition of 'SIP Stocks Show.' Zee Business Managing Editor Anil Singhvi said one should focus on this stock because rally is only around the corner in this counter. He said it is a very strong company with good brand list. All major companies, including US Polo, Arrow, Tommy Hilfiger and Calvin Klein, are its brands.  

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This entire Lalbhai group is seeing a re-rating and restructuring. Arvind Fashions Limited will also follow the suit of other companies in this group soon. " One thing covid has taught everyone is that in-store business is not enough, but online initiative and expansion are also important. Arvind Fashions is also working very aggressively on online business and this will help the company in improving margin and sales both. This could be second big factor, besides strong brands with the company. Working in the direction of debt reduction is another positive for the company. Arvind Fashions has already cut down its debt from 1250 crore to around 950 crore, which translates into some 25 per cent. This has made balance sheet even stronger," said the Market Guru.  

2 साल में दोगुना हो जाएगा ये शेयर!

आज का #SIPStock- Arvind Fashions

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He said promoters are also increasing their stake in the company. "From 35.5 per cent in March 2021 to 40.50 per cent this year, the promoters have already increased their stake by 5 per cent, which is allowed under acquisition rule, and that says it all about their confidence in the company and its business," said Anil Singhvi.

The shares are also available at attractive valuations, he said. "The recovery that we are witnessing in branded business will do the re-rating for this company. The company has the potential to double its share price from the current level. One should keep a short-term target of Rs 225, while can expect a medium-term target of around Rs 300.  Long-term target of Arvind Fashions shares would be Rs 350 to Rs 400."  

Arvind Fashions shares closed on Rs 179.70, up Rs 4 or 2.77% per cent on NSE on Monday.