Current price is less than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

Returns vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

The Company shall be engaged in establishment and carrying on the business of Infantswear manufacturing and allied activities.

Kitex Garments incorporates new subsidiary for Rs70cr; Stock sheds 2%

Kitex Garments incorporated a new subsidiary, Kitex Apparel Parks (KAPL), on Thursday, 18 November 2021, by investing a cash consideration of Rs 70 crore.

Kitex Garments invests Rs 70 cr to incorporate new subsidiary

Kitex Garments incorporated a new subsidiary company under the name of - Kitex Apparel Parks (KAPL) by investing a cash consideration of Rs 70 crore on Thursday, 18 November 2021.

Kitex Garments invests Rs 70 cr to incorporate a new subsidiary

Kitex Apparel Parks Limited will carry on the business of infant wear manufacturing

Kitex Garments incorporates a new subsidiary company

KPIT Technologies Ltd, Kitex Garments Ltd, Aurum Proptech Ltd and Lux Industries Ltd are among the other gainers in the BSE’s ‘A’ group today, 17 November 2021.

Apollo Hospitals Enterprise Ltd leads gainers in ‘A’ group

The sales were also up 33.72% to Rs178.09cr in the quarter ended September 2021.

Kitex Garments reports consolidated net profit at Rs25.72cr in Q2FY22, up 44.41% yoy

Kitex Garments Consolidated September 2021 Net Sales At Rs 178.09 Crore, Up 33.72% Y-o-Y

The Board of Directors decided to incorporate a new subsidiary company in the state of Telangana with an initial investment of Rs750cr.

Kitex Garments surges near 3% after board updates on expansion plan in Telangana

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

Top stocks in focus: Kitex Garments, Websol Energy System, Universal Autofoundry, HCL Tech, The Mandhana Retail Ventures

Kitex Garments on Monday announced that the company has signed the Memorandum of Understanding (MoU) with Telangana State Government for investing Rs 2,406 crore in the state for two industrial projects.

Kitex Garments to invest Rs 2,406 cr in Telangana

With the two projects, the company will add 18 lakh units per day to its capacity. Currently, the existing capacity is 4,32,000 units (infants garments) per day.

Kitex Garments signs MoU with Telangana Govt to invest Rs2,406cr in a textile and industrial park; Stock rises

Kitex Garments Limited is engaged in the manufacture of fabric and readymade garments.

Kitex Garments Ltd

Kitex Garments Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Kitex Garments incorporates new subsidiary for Rs70cr; Stock sheds 2%

Kitex Garments invests Rs 70 cr to incorporate new subsidiary

Kitex Garments invests Rs 70 cr to incorporate a new subsidiary

Kitex Garments incorporates a new subsidiary company

Apollo Hospitals Enterprise Ltd leads gainers in ‘A’ group

Kitex Garments reports consolidated net profit at Rs25.72cr in Q2FY22, up 44.41% yoy

Kitex Garments Consolidated September 2021 Net Sales At Rs 178.09 Crore, Up 33.72% Y-o-Y

Kitex Garments Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Kitex Garments incorporates new subsidiary for Rs70cr; Stock sheds 2%

Kitex Garments invests Rs 70 cr to incorporate new subsidiary

Kitex Garments invests Rs 70 cr to incorporate a new subsidiary

Kitex Garments incorporates a new subsidiary company

Apollo Hospitals Enterprise Ltd leads gainers in ‘A’ group

Kitex Garments reports consolidated net profit at Rs25.72cr in Q2FY22, up 44.41% yoy

Kitex Garments Consolidated September 2021 Net Sales At Rs 178.09 Crore, Up 33.72% Y-o-Y

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock