India's Kitex Garments surges on robust quarterly revenue growth

Kitex Garments

04/01/2022 05:54

** Shares of fabric and garments maker  KITE.NS  climb as
much as 9.8% to 216 rupees, their highest since July 15 
    ** KITE posts biggest intraday pct gain since Dec. 22
    ** Co says https://bit.ly/3FSEB4F total revenue for the
quarter ended Dec. 31 was 2.05 bln rupees ($27.51 mln), up 69.4%
y-o-y
    ** Says total revenue for the first three quarters of FY
2021-22 was 5.47 bln rupees vs 3.53 bln rupees in the same
period a year ago 
    ** KITE stock up for a third straight session 
    ** More than 2.5 mln shares traded by 0544 GMT, 3.5 times
their 30-day avg of over 738,000 shares

($1 = 74.5130 Indian rupees)

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))