Garment Mantra Lifestyle shared: After many changes in the budget on February 1st, the stock market went back to doing well on February 2nd, which was a Friday.
There was a big increase in the prices of small stocks during this time.
For instance, on the last day of the week, many people rushed to buy shares of Garment Mantra Lifestyle Limited, which cost less than Rs 10.
What is the price of the share?
On Thursday, the shares of Garment Mantra Lifestyle Limited were Rs 6.80. On Friday, the price went up to Rs 8.16, a 20 percent increase.
This is also the highest price the stock has had in the last 52 weeks. The lowest price in the last 52 weeks was Rs 3.78, which happened in August 2023.
Looking at who owns the shares, the promoters have 50.10 percent, and the public has 49.90 percent.
The company got a big order
The increase in the shares of Garment Mantra Lifestyle Limited happened just after the company got a large order.
They recently announced that they received an order worth Rs 14.19 crore for export. The supplies will be delivered in the next three quarters.
This is the first time in the history of the company that such a big order came from the export market.
What did the company’s MD say?
Talking about the order, Prem Aggarwal, the MD of Garment Mantra Lifestyle Limited, said, “We, as a team, will do our best in the future too.
This is just the beginning. We will now make a plan to move forward with a fair pricing formula and quality products.”
Meeting on February 5th
Meanwhile, Garment Mantra Lifestyle Limited told BSE that there will be a meeting of the company’s Board of Directors on February 5, 2024.
In this important meeting, among other things, the company will share its results for the December quarter.
