Garment Mantra Lifestyle is currently trading at Rs. 70.00, up by 1.35 points or 1.97% from its previous closing of Rs. 68.65 on the BSE.
The scrip opened at Rs. 75.00 and has touched a high and low of Rs. 75.00 and Rs. 69.05 respectively. So far 10606 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 78.50 on 05-Jan-2021 and a 52 week low of Rs. 26.68 on 16-Jan-2020.
Last one week high and low of the scrip stood at Rs. 78.50 and Rs. 59.05 respectively. The current market cap of the company is Rs. 70.27 crore.
The promoters holding in the company stood at 49.14%, while Non-Institutions held 50.86% stake in the company.
Garment Mantra Lifestyle has successfully acquired 74% stake in Twenty Twenty Trading LLP, which operates the value retailing brand –‘Price Mantra’. The company has taken steps to consolidate its Group structure in its effort to maximize the benefits of an Integrated Textile player. As a step in that director, earlier Garment Mantra has already acquired stake of 83.80% in Jannat Fabrics and Apparels. Garment Mantra has acquired 74% stake in the Value Retailing arm -Twenty Twenty Trading LLP ‘Price Mantra’ successfully.
The management is in the process of making both the group companies as a wholly owned subsidiaries and fully integrate the group operations in future. The acquired entity is having a unique retail model through the brand - ‘Price Mantra’, whereby they source the branded products especially garments and fashion accessories at a steep and huge discount to the MRP. This unique model is likely to be a major growth driver as well as margin accretive for the company.
Garment Mantra Lifestyle (formerly Junction Fabrics and Apparels) is engaged in the business of garment manufacturing and selling both Knitted Fabric as well as Garments. Its range of garment products covers all the age group segments such as kids wear, mens wear, ladies wear, boys & girls wear.
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|---|---|
| PDS | 572.60 |
| Welspun Living | 150.65 |
| Vardhman Textiles | 481.65 |
| Arvind | 398.35 |
| K.P.R. Mill | 966.45 |
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