Motilal Oswal advises buying Arvind Fashions, anticipating a price of Rs 650 due to consistent growth. The company's recent financial results show an 8% same-store sales growth, 14% year-over-year increase in retail sales, and a robust 19% year-on-year expansion in online sales.

Arvind Fashions Ltd has received a Rs. 5.4 crore demand notice from ITC for the fiscal years 2019-20 and 2020-21. The company intends to contest this order using appropriate legal means, but anticipates no significant financial repercussions.