TCNS Clothing surges 14%, hits fresh 52-week high on heavy volumes

Accelerated store addition plans, coupled with diversification into newer categories (footwear and Aurelia Girls), are expected to fuel growth going forward

Shares of TCNS Clothing hit a fresh 52-week high of Rs 564.60 after it surged 14 per cent on the BSE in the intra-day trade on Thursday as analysts believe that a greater focus on offline space, coupled with strengthening of online sales, will fuel growth of the company going forward. The stock of the textile company surpassed its previous high of Rs 554.60, hit on December 17, 2020.

At 11:16 am, it was trading 12 per cent higher at Rs 552, as against a 0.43 per cent rise in the S&P BSE Sensex. Trading volumes on the stock jumped over