Kitex Garments

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

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

Inter-state workers account for over a quarter of Kerala's workforce, yet they remain among the most mistreated in this communist-ruled state

Kitex Garments reported a strong 69 per cent year on year growth in total revenues at Rs 205 crore in October-December quarter.

A decision on any possible action against the company will be taken after the investigation

The company expects business to grow at a good pace and there are possibilities of getting new orders from existing/ new buyers from across globe in the backdrop of the US-China trade war

States should avoid special investment deals with one group

Asked about the episode, Vijayan reiterated that Kerala is one of India's most investor-friendly states

The company plans to invest Rs 1,000 crore in Telangana

Both Tamil Nadu and Karnataka governments have already made open offers to Kitex.

Kitex is also planning to venture into the manufacturing and sale of new products in the infant apparel category

The stock dipped 15% to Rs 246 after the company reported 45% YoY decline in its net profit at Rs 176 million for the quarter ended December 2017.

The stock tanked 16% to Rs 422 the company reported 39% decline in profit at Rs 27 crore in Q4

The stock surged 9.5% after the company said the board will meet on April 28 to consider bonus issue