Kitex Garments, Reliance Infra, GVK Power, PC Jeweller, Motisons Jewellers, Black Box, Borosil Renewables, Mercury EV-Tech and EKI Energy were also locked in their respective lower circuits
The BSE Smallcap index hit a record high of 57,798.64 in Wednesday's intra-day trade, rallying 11% from a low of 51,952.79 that it touched on November 13, 2024
Kitex Garments shares were locked in a 5 per cent upper circuit at Rs 637.15 a piece on the BSE
The stock price of Kitex Garments is quoting higher for sixth straight days, rallied 27% during the period, as the company's September quarter net profit nearly triple on higher demand.
PC Jeweller, MTNL, Kitex Garments, 63 Moons Tech, Genus Power, Refex Industries, Solara Active Pharma, and Suraj Estates Developers were locked in 5 per cent lower circuit on the BSE.
Shares of Kitex Garments and Tribhovandas Bhimji Zaveri have hit multi-year highs after rallying up to 17% on the BSE in Monday's intra-day trade on the back of heavy volumes.
The management said the company's capacity utilization is currently at its peak and the factory order position is fully booked up to June 2025.
Bangladesh crisis news, textile shares: This will provide a sentimental boost for related stocks, though the rally should not be chased on this trigger alone, analysts said