India's Garment Mantra Lifestyle jumps on setting up new facility

Garment Mantra Lifestyle

06/01/2022 04:54

** Indian garment manufacturer's shares  GARA.BO  gain as
much as 16.7% to 180 rupees, highest since Sept. 6
    ** GARA said on Thursday it will set up a new centralised
integrated facility in Surat in the western state of Gujarat
 urn:newsml:reuters.com:*:nFWN2TL1F5
    ** "The proposed integrated facility will scale up business
operations and expected to add to the company's revenue in a
more significant manner in the next 2 years," company says https://bit.ly/3n1ijpL
    ** The facility will be about 10,000 square feet in area and
is expected to commence operations in Q4 FY 2022
    ** More than 27,000 shares change hands as of 0444 GMT, 2.2x
30-day moving avg
    ** GARA stock more than doubled in value in 2021

 (Reporting by Anuron Kumar Mitra in Bengaluru)
 ((AnuronKumar.Mitra@thomsonreuters.com; +91 99863 58469))