1:1 Bonus Share: Penny Stock Below Rs 5 Jumps After The Company Launches New Products; Details Inside
The stock is up by 26.4 per cent from its 52-week low of Rs 2.20 per share.
Garment Mantra Lifestyle Ltd. (formerly known as Junction Fabrics & Apparels Ltd.) has unveiled its latest collection of women's innerwear. This launch signifies a significant step forward for the company, as it aims to provide high-quality, comfortable, and stylish essentials for women. The collection is designed to cater to a diverse range of women, both domestically and internationally, with a focus on premium fabrics, trendy designs, and inclusive sizing.
The company has also prioritized sustainability in the production process, incorporating eco-friendly materials and packaging. This commitment to environmental responsibility aligns with the growing demand for sustainable fashion. The new innerwear collection will be initially available to select existing customers, with plans for wider distribution across India in the future.
Earlier, the shares of the company ex-traded bonus shares in the ratio 1:1 i.e., 1 new Bonus equity share of Re 1 each fully paid up for every 1 existing equity share of Re 1 each fully paid up. The ex-date was Tuesday, September 03, 2024.
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About Garment Mantra Lifestyle Ltd
Garment Mantra is a company focused on fulfilling the fashion and lifestyle aspirations of the mass Indian population. The promoters of the company have extensive experience in the textile industry for over 3 decades. Garment Mantra has 3 business divisions. Firstly, Garment Mantra is engaged in the business of garment manufacturing and selling both knitted fabrics as well as knitted garments.
On Wednesday, shares of Garment Mantra Lifestyle Ltd gained 5.70 per cent to an intraday high of Rs 2.78 per share from its previous closing of Rs 2.63 per share with a spurt in volume by more than 2.51 times on BSE. The company has a market cap of Rs 55 crore. The stock is up by 26.4 per cent from its 52-week low of Rs 2.20 per share.
Disclaimer: The article is for informational purposes only and not investment advice.