Whalesbook
IIFL Finance has initiated coverage on Arvind Ltd. with a 'buy' recommendation and a price target of ₹451, suggesting a potential 30% gain from its current trading level. The brokerage highlights Arvind's transition from a fabric producer to a vertically integrated textile and advanced materials firm, with legacy challenges now overcome. Strong Q2 earnings, showing a 73% net profit increase, further support the positive outlook, signaling a significant turnaround for the company.