Garment Mantra Lifestyle is currently trading at Rs. 172.15, up by 17.85 points or 11.57% from its previous closing of Rs. 154.30 on the BSE.
The scrip opened at Rs. 162.75 and has touched a high and low of Rs. 179.95 and Rs. 160.10 respectively. So far 8943 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 227.00 on 18-Aug-2021 and a 52 week low of Rs. 68.00 on 08-Jan-2021.
Last one week high and low of the scrip stood at Rs. 179.95 and Rs. 140.15 respectively. The current market cap of the company is Rs. 154.89 crore.
The promoters holding in the company stood at 49.14%, while Non-Institutions held 50.86% stake in the company.
Garment Mantra Lifestyle is planning to setup a new centralized integrated facility in Surat, Gujarat to efficiently cover the western region and scale up the operations of Poorti (textile wholesale surplus division) and also give an impetus to Price Mantra (apparel convenience store) which will strengthen their brand visibility in the region.
The proposed integrated facility will scale up business operations and expected to add to the company’s revenue in a more significant manner in the next 2 years; and further promote brand loyalty by catering to a large customer base. This facility is dedicatedly planned strategically to build and grow strong revenue models from Poorti: a textile wholesale surplus hub and gradually enhance the presence of Price Mantra: an apparel convenience store model. This facility extends upto 10,000 square feet of area and is equipped with modern facilities to manage operations efficiently and the management expects to commence operations in this quarter i.e. Q4FY22.
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.
| Company Name | CMP |
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| Welspun Living | 149.30 |
| Vardhman Textiles | 440.40 |
| Arvind | 363.20 |
| K.P.R. Mill | 926.70 |
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