Aarvee Denims & Exports Ltd Performance
Open
27.1
Traded Value (Cr)
21.02 L
Prev. Close
26.75
VWAP
26.34
Volume
21,865
Face Value
10
Aarvee Denims & Exports Ltd Fundamentals
Aarvee Denims & Exports Ltd Financials
Resistance and Support
₹26.97
PIVOT
Resistance | |
---|---|
First Resistance | ₹27.383 |
Second Resistance | ₹28.017 |
Third Resistance | ₹28.433 |
Support | |
---|---|
First Resistance | ₹26.333 |
Second Resistance | ₹25.917 |
Third Resistance | ₹25.283 |
RSI | 33.052 |
MACD | -0.446 |
ADX | 28.479 |
CCI | -170.736 |
Delivery and Volume
About Aarvee Denims & Exports Ltd
Incorporated in Mar.'88 as a private limited company, Aarvee Denims & Exports Limited (formerly known Amtex India Limited) was converted into a public limited company in Apr.'92. The company has its plant at Narol, Ahmedabad. Promoters are Arora group and V B Shah group. The Company is engaged in the manufacturing and selling of denim and non denim Fabrics. It manufactures indigo denim fabrics. The company made a public issue in Nov.'92 to finance its expansion programme to expand both yarn dyeing and weaving capacity to 81.60 lac mtr pa and 41.68 lac mtr pa respectively and to manufacture quality denim fabrics. Commercial production of the expanded capacity commenced in 1992-93. In 1994-95, the company, as a diversification measure, implemented a project to set up an open end spinning unit for the in-house requirement of yarn.Pee Vee Synthetics is a subsidiary of the company, through which exports are done. During the year 1997-98 ,the company has added 24 Nos High Speed Tsudakoma Airjet looms to match the increased dyeing sizing capacity. Expansion in spinning capacity from 5441 TPA to 7441 TPA was also undertaken. The company has installed additional looms during the year 2000-2001 and by increasing the installated capacities the production has gone up by about 35 to 40%. In 2004-05, Company increased its capacity for production of Denim Kibric from 33 million metric tonnes per annum to 47 million metric tonnes per annum at its Isarol Plant. Simultaneously, Spinning capacity inclusive of Ring Spinning increased from 13000 million metric per annum to 17000 million metric per annum at Wage Sari Plant. In 2005-06, the Company set up a small gabardine processing facility at its Unit I, Narol, Ahmedabad and in 2006-07, it implemented a large gabardine processing facility at its Unit I, Narol. The first phase for expansion of Denim for 12 million metric was completed in March, 2011. On November 17, 2017, the Company incorporated a subsidiary company in the name of M/s. Aye Ess Spinning Mills Private Limited, Ahmedabad. Thereafter, it acquired 100% equity shares of the said Subsidiary Company and accordingly, it became wholly owned subsidiary of the Company.
Managing Director
Vinod P Arora
Founded
1988
NSE Symbol
AARVEEDEN
Aarvee Denims & Exports Ltd Management
Name | Designation |
---|---|
Vinod P Arora | Chairman & Managing Director |
Ashish V Shah | Managing Director |
Kalpesh V Shah | Whole-time Director |
Sanjay S Majmudar | Independent Director |
Ashok C Gandhi | Independent Director |
Amol R Dalal | Independent Director |
Nipun Arora | Whole-time Director |
Aarti Thakkar | Independent Director |
Abira Mansuri | Company Sec. & Compli. Officer |
Aarvee Denims & Exports Ltd News
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