KPR Mill is currently trading at Rs. 192.00, up by 5.95 points or 3.20% from its previous closing of Rs. 186.05 on the BSE.
The scrip opened at Rs. 185.00 and has touched a high and low of Rs. 192.50 and Rs. 182.30 respectively. So far 19031 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 192.50 on 10-Jun-2014 and a 52 week low of Rs. 104.45 on 25-Mar-2014.
Last one week high and low of the scrip stood at Rs. 192.50 and Rs. 158.05 respectively. The current market cap of the company is Rs. 701.28 crore.
The promoters holding in the company stood at 74.96%, while Institutions and Non-Institutions held 8.03% and 17.01% respectively.
In order to meet increased demand in garment exports, KPR Mill has initiated expansion plans in its Garment Business. Besides expanding capacity of its existing facility, the company has added a new facility near Tirupur, the Asia’s Largest Knitwear Cluster. This shall increase its present capacity of 30 Million pieces to 40 Million pieces per annum (single shift).
Since major infrastructures are already in place, its operation is expected during the First quarter of FY 15. It would result in creation of direct employment for about 1,000 People.
Meanwhile, the company has set up a new unit with 12 Million Pieces per annum capacity at Thekkalur, near Tirupur. The land has already been acquired and construction work has commenced. It is expected to become operational during the Fourth quarter of FY 15. It would result in creation of direct employment for about 1,200 People.
These capacity additions are expected to enhance the Vera garment operations of KPR by over 50% in two years.
KPR Mills is a leading garment exporter as well as a largest vertically integrated apparel company, engaged in manufacturing and marketing readymade knitted garments, knitted fabrics and cotton yarn.
| Company Name | CMP |
|---|---|
| PDS | 585.80 |
| Welspun Living | 163.10 |
| Vardhman Textiles | 524.95 |
| Arvind | 413.55 |
| K.P.R. Mill | 1148.90 |
| View more.. | |
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