KPR Mill extends gains into sixth day, rallies 17% in one week

As per media reports, the US has imposed restrictions on the import of certain products such as cotton and apparels from the Xinjiang Autonomous Region in China

Shares of KPR Mill were trading higher for the sixth straight day, up 5 per cent at Rs 669.75 on the BSE in intra-day trade on Thursday on expectation that the company is likely to benefit from shifting the source of garment import from China to India.

The stock of the textiles company has rallied 17 per cent in the past one week, as compared to 1 per cent rise in the S&P BSE Sensex. It was trading close to its 52-week high level of Rs 714.20 touched on January 9, 2020.

As per media reports, the US has imposed