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Shares of apparel and lifestyle accessories products manufacturer Kewal Kiran Clothing Ltd jumped to a new 52-week high after the company came out with strong Q2 numbers today.
The company’s net sales in the quarter ended September 30, 2013 rose to Rs 115.80 crore from Rs 90.95 crore in the same quarter last year and the net profit was higher at Rs 23.53 crore (Rs 17.65 crore). The EPS for the quarter was Rs 19.09 (Rs 14.32). The company announced an interim dividend of Rs 7.50.
The strong results saw the share price zooming to a new yearly high of Rs 980 on the BSE before easing to Rs 955, a gain of Rs 106.40 or 12.54 per cent.
Kewal Kiran owns brands like Killer, LawmanPg3, Integriti and Easies and also markets products like innerwear, footwear, sun glasses and personal care products for both men and women.
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