Kitex Garments spurts 60.56% in seven days

Kitex Garments gained 4.12% to Rs 823.40 at 15:00 IST on BSE, with the stock extending its recent rally on follow-up buying.

Meanwhile, the BSE Sensex was up 154.33 points or 0.54% to 28,862.08

On BSE, so far 2.29 lakh shares were traded in the counter, compared with an average volume of 93,000 shares in the past two weeks.

The stock hit a high of Rs 869 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 802 so far during the day. The stock hit a 52-week low of Rs 117.45 on 30 April 2014.

The mid-cap company has an equity capital of Rs 4.75 crore. Face value per share is Re 1.

Shares of Kitex Garments have been on a roll recently, surging 60.56% in seven trading days from a recent low of Rs 512.80 on 27 March 2015. The rally caught momentum after the company reported strong Q4 results during market hours on 6 April 2015.

Kitex Garments' net profit rose 97.5% to Rs 41.63 crore on 21.8% growth in net sales to Rs 147.69 crore in Q4 March 2015 over Q4 March 2014.

Kitex Garments is engaged in business of manufacturing and exporting infant garments.

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