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KITEX — Kitex Garments News Story

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Consumer CyclicalsSpeculativeSmall CapSucker Stock

India's Kitex Garments gains as production begins at new unit

** Shares of Kitex Garments KITE.NS rise 3.7% to 175.9 rupees; set to snap a four-day losing streak

** Garment maker's unit commences commercial production at its new manufacturing facility at Warangal, in Telangana state

** KITE trades below key 50-,100-,200- day moving avgs, signalling a bearish momentum

** Stock down 23.6% YTD

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))

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