Kothari Industrial Corporation touches roof on tying up with Kickers
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Kothari Industrial Corporation is currently trading at upper limit of Rs. 13.14, up by 0.25 points or 1.94% from its previous closing of Rs. 12.89 on the BSE.
The scrip opened at Rs. 13.14 and has touched a high and low of Rs. 13.14 and Rs. 13.14 respectively. So far 350 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 5 has touched a 52 week high of Rs. 13.14 on 05-Aug-2024 and a 52 week low of Rs. 1.80 on 02-Apr-2024.
Last one week high and low of the scrip stood at Rs. 13.14 and Rs. 11.93 respectively. The current market cap of the company is Rs. 25.11 crore.
The promoters holding in the company stood at 21.45%, while Institutions and Non-Institutions held 20.89% and 57.65% respectively.
Kothari Industrial Corporation (KICL) has signed a 30-year long-term licensing and distribution agreement with the iconic French brand Kickers for India and eight others such as Qatar, the UAE, Saudi Arabia, Nepal, Maldives, Sri Lanka, Bhutan and Bangladesh.
The licensing agreement will cover a range of business possibilities which will support the ‘Make-in-India’ initiative. The pact provides for design and technology transfer for making all the products in India. In this ‘Make-in-India' initiative undertaken by KICL along with Royer group of France, there will be complete transfer of technology for apparel and footwear targeting Gen Z and Gen Alpha.
Kothari Industrial Corporation has established in 1917 as a manufacturer and exporter of Herbal Hand Wash, Hand Senitizer, Organic Fertilizer and Many More.
