Kitex Garments Ltd
KITEX

428.00

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Turnover (lac)
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Day's Vol.(shares)

426.00

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Turnover (lac)
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Accumulate
Reco. Price
Rs 423.00
We recommend an ACCUMULATE as we expect new client additions and capacity expansion to drive revenues. Also renewed focus on operational efficiencies will boost margins. Stock is trading at an attractive 2017E P/E of 11.5x. (Target Price -Rs.452)
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50 DMA (.)
420.24
100 DMA (.)
423.08
200 DMA (.)
450.27
Weekly Range (.)
415.50
433.30
Monthly Range (.)
412.10
464.90
52 Weeks Range (.)
340.00
543.00
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