Emkay Global Financial Recommends Buying Arvind, Sets Rs 700 Target

Emkay Global Financial cited consolidated EBITDA of Rs3.1bn, up 25% year over year and 29% quarter over quarter, and said it was 10% above its estimate and 8% above the street estimate. The report highlighted textiles segment EBITDA of Rs1.9bn, 23% above its estimate.