India's Kitex Garments jumps on Q1 profit surge

Kitex Garments

14/08/2024 10:26

** Shares of Kitex Garments  KITE.NS  soar 15.6% to 276
rupees - their highest since early Feb
    ** Apparel maker's June-qtr consol net profit more than
triples while rev jumps ~31%
    ** Co says will invest additional 1.03 bln rupees in its
subsidiary Kitex Apparel Parks
    ** Stock up ~17% so far in Aug, set for best day in over a
week
    ** On track for third straight month of gains
    ** Stock up ~20% so far this year

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))