Cravatex Brands is a retail, brand licensing, distribution, and sourcing firm that owns and represents the Italian sportswear brand FILA, as well as owning and representing other worldwide brands.
Cravatex hit an upper circuit limit of 20% at Rs 455.60 after footwear retail chain Metro Brands has signed a share purchase agreement to acquire Cravatex Brands to expand its presence in the sports and athleisure space in India.
Good performance likely despite input cost pressures.
FMCG stocks were trading in the positive zone, with the S&P BSE FMCG Sector index rising 19.99 points or 0.12% at 16071.91 at 09:46 IST.
Havells India Ltd has lost 8.13% over last one month compared to 3.18% fall in S&P BSE Consumer Durables index and 1.37% drop in the SENSEX
Green energy use to ensure reduction of approximately 7 Million tonnes of Co2 annually at JSP’s steelmaking operations at Angul, Odisha.
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