Hot Pursuit     12-Feb-18
Kitex Garments slumps after weak Q3 results
Kitex Garments tumbled 13.88% to Rs 249.95 at 14:14 IST on BSE after net profit dropped 44.59% to Rs 17.62 crore on 2.42% fall in total income to Rs 145.88 crore in Q3 December 2017 over Q3 December 2016.
The results were announced after market hours on Friday, 9 February 2018.

Meanwhile, the S&P BSE Sensex was up 256.87 points, or 0.76% to 34,267.27. The S&P BSE Small-Cap index was up 327 points, or 1.8% to 18,172.98.

On the BSE, 92,000 shares were traded in the counter so far, compared with average daily volumes of 12,403 shares in the past one quarter. The stock had hit a high of Rs 275 and low of Rs 245.75 so far during the day. The stock had hit a 52-week high of Rs 384.29 on 25 April 2017. The stock had hit a 52-week low of Rs 198 on 18 October 2017.

The stock had underperformed the market over the past 30 days till 9 February 2018, falling 9.62% compared with 1.44% fall in the Sensex. The scrip also underperformed the market in past one quarter, sliding 4.03% as against Sensex's 2.07% rise. The scrip also underperformed the market in past one year, falling 5.82% as against Sensex's 20.02% rise.

The small-cap company has equity capital of Rs 6.65 crore. Face value per share is Re 1.

Kitex Garments is a producer of children's apparel. It caters to conglomerates in USA and Europe.

Previous News
  Kitex Garments standalone net profit rises 3.45% in the June 2018 quarter
 ( Results - Announcements 14-Aug-18   15:14 )
  Kitex Garments allots 13.30 cr equity shares under bonus issue
 ( Corporate News - 20-Jan-25   11:38 )
  Board of Kitex Garments recommends Final Dividend
 ( Corporate News - 21-May-19   12:57 )
  Kitex Garments to table results
 ( Corporate News - 24-May-23   10:38 )
  Outcome of board meeting of Kitex Garments
 ( Corporate News - 25-Apr-18   17:46 )
  Kitex Garments to conduct board meeting
 ( Corporate News - 06-Nov-20   14:42 )
  Kitex Garments schedules board meeting
 ( Corporate News - 19-Jun-21   15:08 )
  Kitex Garments schedules AGM
 ( Corporate News - 07-Aug-19   10:18 )
  Kitex Garments gains after ICRA upgrades credit rating
 ( Hot Pursuit - 13-Jul-15   15:02 )
  Kitex Garments announces board meeting date
 ( Corporate News - 04-Aug-22   16:08 )
  Kitex Garments standalone net profit rises 84.54% in the September 2017 quarter
 ( Results - Announcements 06-Nov-17   16:35 )
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