Kitex Garments has surged 18% to Rs 128, extending its previous day’s rally on the BSE, after reporting nearly three-fold jump in net profit at Rs 21.08 crore for the fourth quarter ended March 31, 2014 (Q4), on back of higher operational income. The company had profit of Rs 7.76 crore in the same quarter year ago.
Total operational income of the company grew by 56% at Rs 142 crore against Rs 91 crore during the corresponding quarter of previous fiscal.
Meanwhile, the board has recommended dividend of 100 % or Re 1 per equity share of face value Re 1.
The company 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.
The stock has opened at Rs 130, also its record high, has zoomed 44% in past two trading sessions from Rs 90 on April 2.
At 1150 hours, around 63,000 shares already changed hands as against an average less than 10,000 shares that were traded daily in past two weeks on the BSE.
Total operational income of the company grew by 56% at Rs 142 crore against Rs 91 crore during the corresponding quarter of previous fiscal.
Meanwhile, the board has recommended dividend of 100 % or Re 1 per equity share of face value Re 1.
The company 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.
The stock has opened at Rs 130, also its record high, has zoomed 44% in past two trading sessions from Rs 90 on April 2.
At 1150 hours, around 63,000 shares already changed hands as against an average less than 10,000 shares that were traded daily in past two weeks on the BSE.
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