India's Kewal Kiran Clothing up on Q2 profit climb

Kewal Kiran Clothing

25/10/2023 05:09

** Shares of Kewal Kiran Clothing  KKCL.NS  rise as much as
8.4% to 784.9 rupees, their steepest intraday pct climb since
July 11
    ** Co set to snap three sessions of losses
    ** Apparel maker said its Sept-quarter consolidated net
profit rose 27% YoY to 496.6 mln rupees ($6 mln), while rev rose
16% to 2.62 bln rupees; 
    ** Co said it entered kids-wear segment in Q2
    ** Over 81,000 shares change hands as of 9:29 a.m. IST, 1.3x
the 30-day moving average
    ** Stock last up 4.7%, extending YTD gains to 47.2%
    
($1 = 83.0950 Indian rupees)

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))