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Kitex Garments rises on plan to launch its own brand of infants wear in US Market

21 Sep 2015

Kitex Garments is currently trading at Rs. 782.00, up by 14.30 points or 1.86% from its previous closing of Rs. 767.70 on the BSE.

The scrip opened at Rs. 766.95 and has touched a high and low of Rs. 788.90 and Rs. 765.00 respectively. So far 13,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 1070.00 on 03-Jul-2015 and a 52 week low of Rs. 385.70 on 19-Sep-2014.

Last one week high and low of the scrip stood at Rs. 788.90 and Rs. 703.00 respectively. The current market cap of the company is Rs. 3,714.00 crore.

The promoters holding in the company stood at 54.24%, while Institutions and Non-Institutions held 3.51% and 42.25% respectively.

Kitex Garments is planning to launch its own brand of infants wear labeled ‘Little Star’ in US market by October, 2016. Earlier, the company had been selected in the 11 Companies which have appeared in the top 200 Asia Pacific Corporations in Forbes Asia’s ‘Best Under A Billion List’ which was released in Singapore and appeared in various local news papers recently.

Kitex Garments is the third largest manufacturer of clothes for infants and caters to the biggest international buyers such as Gerber, Jockey, Carters, Kohls and The Childrens Place.

Related Kitex Garments Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323