Kpr Mill

SBI Mutual Fund hikes 2.85% stake for Rs 900 cr in KPR Mill, now holds 7.7%

SBI Mutual Fund on Wednesday hiked its stake in KPR Mill to 7.74 per cent by snapping up additional 2.85 per cent shares worth over Rs 900 crore through an open market transaction. According to the bulk deal data on the BSE, SBI Mutual Fund bought 97.35 lakh shares or 2.85 per cent stake in apparel manufacturing company KPR Mill. The shares were picked up at an average price of Rs 925 apiece, taking the transaction value to Rs 900.54 crore. After the stake buy, SBI Mutual Fund's holding in KPR Mill has been increased to 7.74 per cent from 4.89 per cent. Details of the other buyers of KPR Mill's shares could not be identified on the BSE. Meanwhile, KP Ramasamy, one of the promoters of KPR Mill sold 1.05 crore shares or 3.07 per cent stake in the company at an average price of Rs 925.12 apiece. This took the deal value to Rs 971.38 crore. After the transaction, KP Ramasamy's stake has come down to 18.3 per cent from 21.37 per cent. Additionally, the combined stakeholding of promot

KPR Mill, eClerx: 5 midcap, smallcap stocks to play the market bounce

KPR Mill, eClerx, Granules, Cera Sanitaryware and BLS International are the 5 mid- and smallcap stocks that look strong on technical charts and can potentially gain up to 43% from present levels.

Don't buy textile stocks on Bangladesh crisis, wait for dips: Analysts

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

Softening cotton prices turning tides in favor of textile players: Analysts

Increased capacity utilisation, softening cotton prices set to help sector: Analysts

High cotton prices to spoil apparel stocks' outlook in near-term: Analysts

At the bourses, shares of textile stocks like KPR Mills, Welspun India, and Vardhman Textiles have tumbled up to 45 per cent so far this year.

Here's why Mehul Kothari expects up to 10% rally in KPR Mill, Thermax

According to the technical analyst from Anand Rathi, KPR Mill can rally to Rs 640, while Thermax can surge to Rs 2,400.

Here's why Mehul Kothari recommends buying KPR Mill, Shriram Transport

According to the analyst from Anand Rathi, KPR Mill can rally to Rs 595, while Shriram Transport Finance can surge to Rs 1,500 in the near term.

Firm cotton prices to keep yarn-spinning stocks in check: Analysts

Analysts expect that the inflated cotton prices will continue to haunt small-sized yarn spinners during the first half of FY23 (H1-FY23). However, a good monsoon season can paint a different story

KPR Mill slips 9%, hits 52-week low as investors fret demand slowdown

With 24% correction in June, the stock of the garments & apparels maker has corrected 38% from its record high level of Rs 771.80

Arvind, KPR Mill, Gokaldas: Textile stocks that can gain up to 12%

Major textile stocks are witnessing sideways to breakout formations, this may see stronger interest of market participants.

KPR Mill rallies 6%, hits record high on robust growth outlook

In the past 11 trading days, KPR Mill's market price has advanced 16 per cent after the company announced the successful commissioning of its new 42 million garments production capacity at Tamil Nadu.

ABFRL, KPR Mills and 4 more textile stocks can gain up to 15%. Check here

Shares of Arvind Limited have formed a "Golden Cross" symbolizing a positive outlook for the upcoming sessions, according to the daily chart

KPR Mill rallies post stock split, gains 20% in 2 trading sessions

The stock quoted ex-split from Friday onwards, and in the last one month had rallied 42 per cent.

KPR Mill jumps 10%, hits new high on stock split plan; up 74% in 3 months

The company will sub-divide the face value of equity shares from Rs 5 each to a lower denomination to make the stock more affordable for the small retail investors and increase liquidity

KPR Mill extends rally on strong Q4 results; stock zooms 37% in 7 days

The company said that the new expansion project of 42 million garments factory and sugar cum ethanol plant was progressing as per schedule

Himatsingka Seide, KPR Mill: Trading strategies for textile stocks

According to experts, demand from the home textile industry is expected to remain supportive in the near-to-medium term

KPR Mill surges 15%, hits 52-week high on good Q2 results, capex plan

The company said enquiries from the current clientele as well as from the new markets are much encouraging

KPR Mill extends gains into sixth day, rallies 17% in one week

As per media reports, the US has imposed restrictions on the import of certain products such as cotton and apparels from the Xinjiang Autonomous Region in China

Companies push ahead with proposed share buyback plans after tax relief

Further, companies such as KPR Mill, which had withdrawn their buybacks following the unexpected tax outgo, have restored their buyback plan

Budget impact: KPR Mill withdraws share buyback proposal, stock dips 6%

The company said it is not permitted to meet the buyback obligations beyond the amount approved by the board of directors and the same can also be effected only with the borrowed funds.