Scripscan:Kitex Garments Ltd
BSE code:521248
cmp:27
Story:Kitex Garments Ltd is in the business of manufacturing and exporting garments. The Company made commendable achievement in the export of garments during the last fiscal. Total turnover reported for the year was Rs. 19479 Lakhs,which is the record turnover since its inception.Its new state-of-the-art imported processing plant is getting fine-tuned to get the optimum productivity. The plant will have the full capacity utilization in coming years, which will have a significant impact on the bottom line performance of the company. The company is also exploring thepossibility for fabric exports in addition to catering the complete internal requirements.The Company is taking all efforts to improve the quality and productivity to get more orders at competitive rates.Due to the addition of the new processing plant it is able to quote better rates and maintain high quality & productivity in the finished goods manufactured.Now,A number of funds are understood to be falling head-over-heels for Kitex Garments stake at a much higher price than its CMP of Rs 27.According to sources, the promoters, who hold over 56%, are negotiating with some for a minority stake. Punters expect it to almost double its profits in the coming fiscal. Bet is also on 100 acres of unused land in Kochi.Kitex has moved up over 1000% from its lows and a fresh entry should be made at around 18-20 levels.
Important Disclaimer&Privacy policy
This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: arunsharemarket@gmail.com
Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.
