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Arvind Mills Has Resistance At Rs 60

Neeta Aurora 10 August 2007

Technical Analyst, Prakash Gaba stated that Arvind Mills has a resistance level of Rs 60.

“Arvind Mills has strong support at Rs 43-44. On the upside strong resistance of around Rs 60 levels, if it goes there its likely to find stiff resistance. If it can go to Rs 51 it can go to around Rs 60 levels and just hold on to it,” Mr. Gaba added.

Arvind Mills has turn into a true Indian multinational company. It is the flagship company of Rs.20 billion (US$ 500 million) Lalbhai Group.

Arvind Mills has set the rapidity for altering worldwide customer demands for textiles and has centralized its attention on select core products. Such a direction has permitted the company to play a leading role in the worldwide textile arena. With its attendance across the textile value chain, the company tries to be a one-stop shop for leading garment brands.

Business News:

Analyst View

Textile Sector

Prakash Gaba