Aarvee Denim shares have risen 47 percent over the last week after Porinju Veliyath bought 1.81 lakh shares.
Aarvee Denims and Exports (ADEL) produces and retails denim and non-denim fabrics and garments. The company manufactures casual and winter apparel for men, women, and kids. De Extase, Fashion Wrapper, and Aden are its retail brands.
Arvee Denim’s operating margin is one of the lowest in the industry. In fact, the net margin of the company is also the lowest. For now, there is no compelling reason to turn bullish on the stock.
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