Arvind in the news

Arvind opened 4% higher at Rs.119.80, going up over 9.5% to an intraday high at Rs.126.40. Its 20% UC is at Rs.138.20.

The stock is in the green after the company announced that it has resumed operations fully at its Ankur unit.

Operations were disrupted due to disconnection of effluent discharge connection of the unit.

The company added that due to the closure, its revenue and EBIDTA have reduced by approximately 40 crore and 10 crore respectively (most of which was during January & February 2022}.

Ankur unit contributed 5% of the consolidated revenue and 6% of the consolidated EBIDTA of the Company for financial year ending 3pt March 2021.