Shares of Arvind Ltd. have the potential to gain 30%, as per brokerage firm IIFL Finance, which initiated coverage on the stock.

IIFL Finance has initiated coverage with a "buy" rating on Arvind Ltd. with a price target of ₹451 per share. The stock ended the previous session at ₹346.35 apiece.

IIFL Finance is of the view that the company is evolving from a largely fabric-centric player into a value-added, vertically integrated textile and advanced materials (AMD) firm.

The brokerage believes that legacy challenges that muted the company's performance between financial year 2018 to 2025, such as high debt, upstream focus, a nascent AMD business, and episodic disruptions, are now largely behind, and a stronger performance over the past four to six quarters underscores a clear turnaround

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