Arvind Fashions up 10% on change in circuit filter;shifts to normal segment

The Lalbhai Group company was listed on the bourses on March 8, 2019. The stock made market debut at Rs 592, appreciating 79 per cent since then

Shares of Arvind Fashions surged 10 per cent to Rs 1,060, its highest level since listing on the BSE, in intra-day trade after the change in circuit filter to 10 per cent from 5 per cent.

The stock also shifted to ‘B’ group from ‘T’ group earlier. In the trade-to-trade category or ‘T’ group, no speculative trading is allowed and delivery of shares and payment of consideration amount are mandatory.

The counter has seen huge trading volumes with a combined 3.62 million equity shares, representing 6 per cent of the total equity of Arvind Fashions, changing hands on the NSE