Arvind gains on licensing agreement with Hancsbrands

11th February 2013 01:18 PM

Arvind, one of the largest integrated textile and branded apparel players, gained on Monday after its subsidiary Arvind Lifestyle Brands announed an agreement to market and sell basic and intimate apparel in India under the Hanes and Wonderbra brands, two of the largest and well known global apparel brands, under a licensing agreement with US based Hancsbrands. It will also acquireHanes Brands India operations. Shares ofthe companyare trading at Rs 90.70, up Rs 1.4, or 1.57% at the Bombay Stock Exchange (BSE) on Monday at 11:43 a.m.The scrip has touched an intra-day high of Rs 91.50 and low of Rs 88.65. The total volume of shares traded at the BSE is 141,392.In the earlier session, the shares lost 0.39%, or Rs 0.35, at Rs 89.30. Currently, the stock is trading down 15.63% from its 52-week high of Rs 107.50 and above 53.6% over the 52-week low of Rs 59.05.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 94.20 (4.90) (5.20) 1 Month 103.20 (13.90) (13.47) 3 Months 83.25 6.05 7.27 6 Months 69.35 19.95 28.77 1 Year 101.90 (12.60) (12.37) Note: Based on previous day closing price.
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