India's Kitex Garments gains most in over 2 years as qtrly profit soars

Kitex Garments

11/11/2019 05:50

** Shares of the readymade garment manufacturer  KITE.NS 
rise as much as 20% to 109.85 rupees, their biggest intraday
percentage gain since Nov 6, 2017
    ** Co on Saturday reported a 47% rise in Sept qtr profit,
helped by a tax gain https://bit.ly/2CvNYIz
    ** About 914,000 shares change hands in morning trade,
compared with 30-day average of 78,630
    ** At last close, stock was down about 17.60% this year
    

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; +91 8067496031); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))