InvestorQ : Can Arvind ltd be a multi-bagger by next one year?
Sneha Balasubramanian made post

Can Arvind ltd be a multi-bagger by next one year?

Answer
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rhea Babu answered.
10 months ago


I am supposing that you are talking about Arvind Ltd. because the group was demerged last year and Arvind Smart Spaces was also carved out of the original company. As a result the price comparison may not be too relevant. However the stock has corrected quite a bit in the last few months. The stock is currently quoting below its book value so you are getting a quality name from a quality group at a very low price. Although Arvind is more into a commodity kind of business, valuations are cheap. You can look forward to the stock becoming a multi-bagger depending on market conditions over a period of time. However, it is hard to say whether it will happen within one year or not. If you are a long term investor with about 3 year perspective, then this stock can be added to your portfolio.