News for Kitex Garments Limited (KITEX.BO)

Seventeen smallcap stocks have turned multibaggers since Modi 3.0's first budget, delivering over 100% returns despite a market downturn. Companies like Marsons, Pacheli Industrial Finance, and Kitex Garments lead the gains, with notable rallies of over 200%. Investors are advised to moderate return expectations while adopting a

Stocks including Reliance Industries, Infosys, LTIMindtree, TCS, Axis Bank, BPCL, Havells, PFC, Mastek, TVS Motor, Mobikwik and more will be in the spotlight on Friday, January 17.

Stock splits are on the horizon for companies like Shardul Securities Ltd (splitting from ₹10 to ₹2, effective January 13) and Regis Industries Ltd (₹10 to ₹1, on January 16).

Smallcap stocks rallied this week, with some hitting 52-week highs. Easing food inflation and rising US spending expectations boosted sectors like FMCG and IT. Centum Electronics led the gainers with a 36.8% surge, followed by Sunflag Iron and Steel at 27%.

The Nifty Bank index was trading 0.07 per cent at 52171.60.

Kitex Garments Limited approves 2:1 bonus issue, trading at ₹642.55 on NSE, to issue 13.30 crore new equity shares.

Kitex Garments, a multibagger smallcap stock, announced on Friday that it will issue bonus shares in a 2:1 ratio to its shareholders. The decision was made during a board meeting held on November 22, 2024.

A total of 38 companies, which are part of the BSE Midcap and BSE Smallcap indices, have reported over a 100% growth in net profit during the September 2024 quarter.

The Nifty Bank index was trading 1.06 per cent at 51127.40.

Hero MotoCorp, BPCL, Bajaj Auto, Sun Pharma and NTPC were among the top losers on NSE.

The Nifty Pharma index was trading 1.07 per cent at 22562.65.

Tech Mahindra, HCL Tech, TCS, Wipro and Infosys were among the top losers on NSE.

The Nifty Realty index was trading 0.14 per cent at 999.65.

The Nifty Bank index was trading 0.02 per cent at 51798.95.

Waaree Energies, Prudent Corporate Advisory Svcs, The Anup Engg, Wockhardt and Kitex Garments, hit their fresh 52-week highs at 10:23AM.

The Nifty Bank index was trading 1.02 per cent down at 52382.4.

Shares of Kitex Garments and Tribhovandas Bhimji Zaveri have hit multi-year highs after rallying up to 17% on the BSE in Monday's intra-day trade on the back of heavy volumes.

Refex Industries, NIIT, Pondy Oxides, IIFL Securities and Kitex Garments, hit their fresh 52-week highs at 11:20AM.

The Nifty Bank index was trading 0.54 per cent down at 51408.05.