Kitex Garments advances on investments proposal

Kitex Garments rose 1.84% to Rs 244 at 11:45 IST on BSE after the company scheduled a board meeting on 25 April 2018 to consider proposals for further investments.

The announcement was made on Saturday, 21 April 2018.

Meanwhile, the S&P BSE Sensex was up 110.82 points, or 0.32% to 34,526.40.

On the BSE, 1,747 shares were traded in the counter so far, compared with average daily volumes of 5,150 shares in the past two weeks. The stock had hit a high of Rs 245 and low of Rs 238.40 so far during the day. The stock had hit a 52-week high of Rs 384.29 on 25 April 2017. The stock had hit a 52-week low of Rs 198 on 18 October 2017.

 

The small-cap company has equity capital of Rs 6.65 crore. Face value per share is Re 1.

Kitex Garments' net profit dropped 44.59% to Rs 17.62 crore on 2.42% fall in total income to Rs 145.88 crore in Q3 December 2017 over Q3 December 2016.

Kitex Garments is a producer of children's apparel. It caters to conglomerates in USA and Europe.

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