Kitex share price

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Kitex Garments Ltd. engages in the manufacturing and export of cotton and organic cotton garments. Its products include body suits, rompers, bibs, sleepwear, training pants, sleep n play, gowns, skirts and skorts, blankets. mittens, booties, and diaper covers. The company was founded by Meckamkunnel Chacko Jacob on May 29, 1992 and is headquartered in Kochi, India. Daily Time Frame: BREAKOUT 52 Week High BREAKOUT company does not have excessive debt second-largest Infants Apparel Manufacturer in the world, intrinsic value 582 caution: earning growth not stable for education purposes only Daily Time Frame: BREAKOUT 52 Week High BREAKOUT company does not have excessive debt second-largest Infants Apparel Manufacturer in the world, intrinsic value 582 caution: earning growth not stable for education purposes only Kitex good accumulated at marked level from past 2 to 2.5 year.. Good add in every dips.. any break out above marked will give huge return... Targets mentioned on charts.. sl below 21 ema on closing basis monthly.. Chart is only for learning Purpose only.. ask your sebi registered advisor before en Kitex good accumulated at marked level from past 2 to 2.5 year.. Good add in every dips.. any break out above marked will give huge return... Targets mentioned on charts.. sl below 21 ema on closing basis monthly.. Chart is only for learning Purpose only.. ask your sebi registered advisor before en

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Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.

By Express News Service KOCHI: The stock market has cheered Kitex Garments’ announcement to move out its expansion plan from Kerala to investor-friendly Telangana. As the stock price rose, Kitex chairman and managing director Sabu Jacob became richer by Rs 222 crore in the last seven days as he owns 55% in the BSE-listed company. The stock price of the Kochi-based kids garment maker shot up by 44.26% since Friday when Sabu announced the decision to invest Rs 1,000 crore in Telangana, dumping its earlier investment plan for Kerala following the rift with the Left government. After rising by nearly 20% on Friday, the stock price spiked another 20% on Monday when Sabu said his company would not make any more investments in Kerala, and that he was in discussions with Tamil Nadu, Andhra Pradesh and Karnataka for his future expansions. Since the controversy broke out between the Kerala government and Kitex Group, the company’s stock price has increased from Rs 108.9 a piece to Rs 168.65 on Monday, an astounding rise of 55 per cent in a matter of just five trading sessions. The total value of Kitex touched Rs 1,121.52 crore, an increase of Rs 408.32 crore from last Tuesday. The spike in stock price of Kitex, which is the world’s third-largest infant garment maker, is surprising given that the company’s net profit has been coming down. For the quarter ended March 2021, its profit after tax plunged by 53.06% to Rs 8.27 crore from Rs 17.62 crore during the same quarter the previous ...

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