Kitex Garments hits 52-week high, zooms 50% in three days

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

Shares of Kitex Garments hit a 52-week high of Rs 165 as they rallied 17 per cent on the BSE in intra-day trade on Monday on the back of heavy volumes. The stock of Kitex Garments, one of the world's leading infant apparel manufacturers, has rallied 50 per cent in three days after the company announced a Rs 1,000 crore investment in Telangana.

At 09:57 am, the stock was trading 16 per cent higher at Rs 163 on the BSE, as compared to a 0.53 per cent rise in the S&P BSE Sensex. The trading volumes on the counter more-than-doubled, with