Kewal Kiran Clothing Share Price Target Forecast 2022, 2023, 2025, 2030

21 December 2021

Kewal Kiran Clothing distributes approximately 4.93 million bonus equity shares; stock rises 2%.

Kewal Kiran Clothing Ltd has informed that the Board of Directors has allotted 4,93,00,148 bonus equity shares to the shareholders entitled to these shares at the allotment meeting held on December 20, 2021, thereby increasing the Company’s paid up and issued capital from Rs. 12,32,50,370/- (divided into 1,23,25,037 equity shares of the face value of Rs.10/- each) to Rs. 61,62,51,850/- (divided

Furthermore, the business stated in a regulatory filing that the abovementioned 4,93,00,148 bonus shares will be credited to individual shareholders’ accounts on or before December 27, 2021.

On the Sensex, Kewal Kiran Clothing was trading at Rs243.90 an item on Tuesday morning session, up 2.03 percent.

indiainfoline.com is a website that provides information


17 December 2021

ICICI Direct suggested Kewal Kiran Clothing at a target price of Rs 325.

Kewal Kiran Clothing got a buy signal from ICICI Direct with a target price of Rs 325. Kewal Kiran Clothing is now available on the market for Rs 260.25.

When the price of Kewal Kiran Clothing Ltd. reaches the set objective, the analyst estimates it will take one year.

Kewal Kiran Clothing Ltd., founded in 1992, is a Small Cap business in the Retail sector with a market capitalization of Rs 1616.43 crore.

Apparels, Homemart & Accessories, Service Income, Other Operating Revenue, Export Incentives, and Power are the primary products/revenue segments for Kewal Kiran Clothing Ltd for the year ending 31-Mar-2021.

Financials

The firm recorded a Consolidated Total Income of Rs 181.11 Crore for the quarter ended September 30, 2021, up 90.10 percent from the previous quarter’s Total Income of Rs 95.27 Crore and 152.63 percent from the same quarter last year’s Total Income of Rs 71.69 Crore. In the most recent quarter, the company generated a net profit after tax of Rs 27.07 crore.

Reasons for Investing

Because of its strong brand portfolio and pan-India retail and distribution network, the brokerage believes the firm is well positioned to gain from a demand rebound. It intends to achieve double-digit topline growth by expanding its retail base and boosting its online market share.

FII Holdings/Promoter

As of September 30, 2021, promoters controlled 74.25 percent of the corporation, FIIs 9.51 percent, and DIIs 9.76 percent.

economictimes.com is the source for this information.


29 October, 2021

Kewal Kiran Clothing announces a 4:1 bonus issuance.

On the 28th of October 2021, the board of directors met.

Kewal Kiran Clothing said that the Company’s Board of Directors authorised and proposed the issuing of fully paid up bonus shares in the ratio of 4:1 (e.g. 4 fully paid shares for every 1 fully paid up equity share owned) at its meeting on October 28, 2021, subject to shareholder approval.

business-standard.com is the source for this information.


11 October, 2021

Nalanda India Fund sells a stake in Kewal Kiran Clothing on the NSE-BSE.

Nalanda India Fund sold 179,081 shares of Kewal Kiran Clothing in a bulk trade on the BSE today for Rs. 1,050 per share.

In a separate transaction, Pinewood Strategy’s India Opportunities Growth Fund purchased 361,112 shares of Consolidated Finvest & Holdings in a bulk transaction on the National Stock Exchange for Rs. 179 each.

Other notable bulk and block trades that took place on the NSE and BSE today are as follows:

economictimes.com is the source for this information.


25 February 2021

“K Lounge Lifestyle” is a new division of Kewal Kiran Clothing.

K Lounge Lifestyle Limited, a wholly-owned subsidiary of Kewal Kiran Clothing Limited (KKC), announced to the stock markets on Thursday that it has been established as a wholly-owned subsidiary of the firm. The acquisition cost is Rs5 crore, which is made up of 50 lakh Rs10 equity shares.

“The corporation has formed a wholly-owned subsidiary with the goal of expanding and improving its retail reach across India.” The creation of a fully owned subsidiary “will enable the firm become more nimble and customer oriented by leveraging development prospects in the expanding retail landscape,” according to the company.

On the BSE, Kewal Kiran Clothing Ltd closed at Rs899 a piece, down Rs16 or 1.75 percent from its previous close of Rs915 per piece.

indiainfoline.com is a website that provides information


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