Kitex Garments shares surge 20% ahead of board meet

Shares of Kitex Garments surged 20 per cent ahead of its board meeting today to review the performance of the company.
Kitex Garments' stock zoomed 19.84 per cent to settle at Rs 489.55 on the BSE. During the day, it soared 20 per cent to Rs 490.20 -- its 52 week high.
At the NSE, the scrip climbed 20 per cent to Rs 492.90.
Led by the rally in the stock, the company's market value surged Rs 385.36 crore to Rs 2,325.36 crore.
In terms of volume, 4.90 lakh shares of the company changed hands at the BSE, while over 15 lakh shares were traded at the NSE during the day.

Kitex Garments had in a BSE filing on September 13 said a meeting of the Board of Directors will be held today to review the performance of the company.
The company is in the business of manufacturing and exporting infant garments.