This low beta small-cap multibagger is on the verge of breakout!

Arvind Ltd trades close to its 52-week high after gaining more than 5 percent

Arvind Ltd trades near its breakout level even as it attempts to cross its 52-week high levels of Rs 84.50 per share. The stock was up by more than 5 per cent on intraday basis when it made a high of Rs 83.75 per share. 

The stock is outperforming markets by recording gains of more than 66 per cent on YTD basis. Arvind Ltd was trading at Rs 20 per share just one year down the line. After gaining nearly 400 per cent the stock is still considered to be undervalued. The opening of economy augurs well for the stock , even as the revenues are expected to grow by more than 50 per cent in two years from now, for the company. 

Arvind Ltd is a low beta small cap stock that has shown stellar performance on the bourses and continues to remain in good momentum. Small caps are usually very volatile. Arvind Ltd is relatively less volatile and carries a relatively lower beta compared to volatile small caps.

Arvind Ltd is a textile manufacturer and the flagship company of the Lalbhai Group. Its headquarters are in Naroda, Ahmedabad, Gujarat, India, and it has units at Santej. The company manufactures cotton shirting, denim, knits and bottom weight fabrics.