India's Kitex Garments rises after expansion plan approval

Kitex Garments

02/09/2021 05:45

** Shares of fabric and garments maker  KITE.NS  rise as
much as 9.99% to 164.10 rupees, highest since Aug. 16
    ** KITE says the government of Telangana approves expansion
plan submitted by co
    ** On Aug. 13, co said https://www.bseindia.com/xml-data/corpfiling/AttachHis/bd6aeac0-60ff-4c42-9093-720e7fb9636e.pdf
 it was in advanced talks with Telangana for setting up textile
manufacturing units
    ** Stock on track for its best session in more than six
weeks
    ** About 242,250 shares change hands by 0433 GMT, vs the
30-day avg of 357,000 shares
    ** As of last close, stock up 35.27% this year

($1 = 74.3050 Indian rupees)

 (Reporting by Chandini Monnappa in Bengaluru)
 ((Chandini.M@thomsonreuters.com; 910867497919;))