Garment Mantra Lifestyle Ltd: The share of Garment Mantra Lifestyle Ltd (formerly Junction Fabrics and Apparels Ltd) increased by 2.18% to Rs 2.81 on Tuesday. The company announced its expansion plans into the northern and central Indian markets of northern and central India.
A strong presence has been established in these regions through strategic deals with major wholesalers and retailers. As the monsoon season is coming to an end and the winter season is approaching, GMLL has taken major steps to develop a chain of winter wear products.
This strategic move is aimed at maintaining customer relationships and ensuring consistent business throughout the year.
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What Is The Detail?
Samples of the new winter clothing products have already been approved by the buyers and the company is expecting to deliver them to its customers from October.
Although Tirupur is known for its cotton products that have traditionally been less popular during the winter than in the monsoon and summer this project presents a chance for the whole city.
Through the introduction of winter clothing merchandise, Tirupur can establish itself as a supplier of all-year-round apparel.
The products are designed to meet the preferences of mild winter weather and provide comfortable wear all day long. These products have strong demand in the market throughout the season.
The Company Has Distributed 1 Bonus Share
The company’s share traded on 03 September 2024 at a ratio of 1:1 bonus shares. The share of the company has earned an increase of 17% over the past year, and 116% over five years.
Its 52-week high price is Rs 4.61 and its 52-week low price is Rs 2.15. The market value that the business has is 55.21 crore rupees.
Quick Fact
| Company name | Garment Mantra Lifestyle |
|---|---|
| Expansion plans | Northern and Central India |
| Strategic deals | Wholesalers and retailers |
| Winter wear products | Launched |
| Delivery of products | October |
| Winter wear design | Mild winter weather, all-day comfort |
| Bonus share distribution | 1:1 ratio |
| Share price on monday | Rs 2.87 (1.4) |
| 1-year growth | 17% |
| 5-year growth | 116% |
| Market value | ₹55.21 crore |
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 increased by 2.18% to Rs 2.81 on Tuesday.){kind=link}