New Delhi, July 29 -- Shares of Arvind Fashions surged 12% to hit an eight-month high of Rs.562 apiece in intraday trade on Tuesday, July 29, as investors reacted positively to the company's June quarter performance, announced post-market hours on Monday.

The company, which retails Calvin Klein and Tommy Hilfiger brands in India, reported a 20% rise in quarterly core earnings, driven by new store openings and a focus on higher-priced apparel.

Revenue from operations rose to Rs.1,107 crore from Rs.955 crore, while other income increased to Rs.15 crore from Rs.7 crore a year earlier. At the operating level, EBITDA improved to Rs.148 crore from Rs.123 crore, with margins improving by 50 basis points to 13.4%, despite 140 basis points highe...