Khadim India extends rally, stock zooms 50% in three days

On September 10, Khadim informed the BSE that it had incorporated a wholly-owned subsidiary in Bangladesh in the name of "Khadim Shoe Bangladesh Limited"

Shares of Khadim India Limited surged 18 per cent to Rs 276.10 apiece on the BSE on Friday, thus extending its rally for third straight day after the company announced, on Tuesday, the opening up of a subsidiary in Bangladesh.

The stock has rallied 50 per cent in three days. At 10:48 AM, shares of the company were trading 18.4 per cent higher at Rs 277.05 as compared to a flat benchmark S&P BSE Sensex. A combined 450,000 shares had changed hands on the National Stock exchange (NSE) and BSE till the filing of this report.

On September 10, Khadim