Kitex Garments rose 1.83% to Rs 765 at 15:15 IST on BSE after the company proposed to launch its own brand of infants wear labeled "Little Star" in US market by October 2016.
The announcement was made during market hours today, 18 September 2015.
Meanwhile, the BSE Sensex was up 264.50 points, or 1.02%, to 26,228.47
On BSE, so far 26,492 shares were traded in the counter, compared with an average volume of 36,147 shares in the past one quarter.
The stock hit a high of Rs 785 and a low of Rs 762.65 so far during the day. The stock hit a record high of Rs 1,070 on 15 July 2015. The stock hit a 52-week low of Rs 368.50 on 16 September 2014.
The stock had outperformed the market over the past one month till 16 September 2015, rising 2.95% compared with 7.49% fall in the Sensex. The scrip, however, underperformed the market in past one quarter, falling 17.99% as against Sensex's 2.71% decline.
The mid-cap company has an equity capital of Rs 4.75 crore. Face value per share is Re 1.
In a separate announcement, Kitex Garments said that KITEX USA LLC is scheduled to open its office in New Jersey by 5 October 2015. Through Lamaze brand a turnover of $50 million is targeted within next five years, Kitex Garments said.
Kitex Garments' net profit rose 10.6% to Rs 15.97 crore on 9.3% growth in total income to Rs 114.98 crore in Q1 June 2015 over Q1 June 2014.
Kitex Garments is a producer of children's apparel.
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