Profit Expectations Do The Trick For Arvind Mills

Arvind Mills posted gains on Thursday on profitability expectations. The scrip jumped to a 52-week peak of Rs 38.90 amid expectations that the company may post its highest ever net profit in the fourth quarter ended March 31, 2003.

But the scrip of the denim maker could not sustain the high levels and eased to Rs 38.15, still higher than Wednesday