Kewal Kiran Clothing rises on incorporating wholly owned subsidiary
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Kewal Kiran Clothing is currently trading at Rs. 662.90, up by 4.55 points or 0.69% from its previous closing of Rs. 658.35 on the BSE.
The scrip opened at Rs. 655.00 and has touched a high and low of Rs. 677.15 and Rs. 655.00 respectively. So far 685 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 825.85 on 25-Oct-2023 and a 52 week low of Rs. 390.75 on 16-Mar-2023.
Last one week high and low of the scrip stood at Rs. 736.80 and Rs. 626.00 respectively. The current market cap of the company is Rs. 4134.43 crore.
The promoters holding in the company stood at 74.26%, while Institutions and Non-Institutions held 11.15% and 14.59% respectively.
Kewal Kiran Clothing has incorporated wholly owned subsidiary in the name of Kewal Kiran Lifestyle. The company is incorporated as a wholly owned subsidiary with an intent to focus on further developing and enhancing product mix for women’s wear and accessories. The incorporation of the wholly owned subsidiary will leverage the growth opportunities in the evolving women wear and accessories segment and will help the company to become more agile and customer focused.
Kewal Kiran Clothing (KKCL) is an apparel manufacturer dealing in apparel for both men and women.
