KG Denim's Share Surge 14% On Robust Results

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Shares in KG Denim surged 10 per cent, after the company reported a solid set of results for the quarter ending June 30, 2016.

KG Denim's Share Surge 14% On Robust Results
KG Denim's Q1 net profit was placed at Rs 9.3 crore versus Rs 1.6 crore (YoY). The shares of the company were last trading at Rs 105, up 14 per cent in trade.

KG Denim, is a premier denim and apparel fabric manufacturer, catering to leading fashion brands and retailers worldwide.

Exports have been having a good quarter with most of the companies in the field reporting results that are vastly better than expected.

A slightly weaker currency has also been helping these exporters.

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