KPR Mill slips 9%, hits 52-week low as investors fret demand slowdown

With 24% correction in June, the stock of the garments & apparels maker has corrected 38% from its record high level of Rs 771.80

textiles, clothes, garments
Premium

..

SI Reporter Mumbai
Shares of KPR Mill hit a 52-week low of Rs 479.60, slipping 9 per cent on the BSE in Tuesday's intra-day trade. The stock has fallen 24 per cent thus far in the month of June on cautious outlook. Global retailers have significantly trimmed down their profit projections, sighting raw material inflation and removal/reduction of stimulus, dampening the outlook.

With the recent correction, the stock of the garments & apparels maker has corrected 38 per cent from its record high level of Rs 771.80, touched on January 17, 2022. In comparison, the S&P BSE Sensex was up 1.7 per

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 21 2022 | 12:31 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com