Kochi: The stock price touched Rs 203 at 10.25 this morning and touched Rs 199.05 at one o’clock in the afternoon but did not fall sharply due to controversy. The stock is currently trading at its highest level in the last five days. The stock price was 192 rupees yesterday. Conflicts with guest workers and police in the East Coast have led to a sharp rise in prices, but there have been indications that stocks may have rebounded. The stock had risen to Rs 202 on December 16. It was then that the shares fell. At the end of November, the stock was trading at 162-164. In the first weeks of December, the stock was up 24 percent. At the same time, some concerns about the performance of the company’s shares have been rising recently. Another concern is whether the company’s profit growth has increased over the past five years. Another factor that worries investors is the low return on equity. Also Read: Shares listed on Bombay Stock Exchange. Promoter owns 55% of the company. In July 2015, Kitex shares were trading above Rs 750. But then the stock price plummeted. Kitex and the Twenty20 controversy caused the stock price to fall sharply. Meanwhile, the stock had plunged to around Rs 72 as investors sold shares en masse. At the same time, if the stock price rises above Rs 200, there is a slight chance of regaining its old glory. The company’s dominance in the baby clothing industry is a major asset. But the main challenge now is whether Kitex will return to those glory days.
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