Textile Penny Stock Under Rs 5 Jumps After Bagging Order Worth Rs 5,00,00,000 from Vendors of Arvind Lifestyle Brands Ltd & Myntra Designs Pvt Ltd

The stock is up by 80 per cent from its 52-week low of Rs 1.39 per share.

Mittal Life Style Ltd has secured a significant order for the supply of denim fabrics valued at approximately Rs 5 Crore. This order was awarded by domestic entities, specifically vendors of Arvind Lifestyle Brands Limited and Myntra Designs Private Limited. The order encompasses a supply of 2 lac meters of denim fabrics, with the possibility of an increase in quantity at the discretion of the vendors during the order's validity period. The order has been largely executed, driven by the strong market response to Mittal Life Style Ltd.'s unique denim offerings. These include over-dyed fabrics that stand out with distinct colours compared to traditional indigos, types of denim with a horizontal slub effect that imparts a refreshing and unique look to garments, and innovative types of denim featuring dobby designs, a novel pattern within the industry.

This substantial order reflects the growing demand for Mittal Life Style Ltd.'s high-quality denim fabrics. The company's focus on innovation and differentiation has resulted in a range of products that cater to evolving consumer preferences. The unique characteristics of these fabrics, such as the over-dyed colours, slub effect, and dobby designs, provide a distinct aesthetic appeal and enhance the overall garment experience. This successful order further solidifies Mittal Life Style Ltd.'s position as a leading supplier of premium denim fabrics within the domestic market.

Mittal Life Style Ltd, established in 2005, is a prominent supplier of high-quality bottom-weight fabrics and types of denim in India. The company boasts an extensive inventory with over 200 regular denim shorts, catering to diverse customer needs. Mittal Lifestyle Ltd. provides a wide range of denim fabrics, varying in type and quality, sourced primarily from Ahmedabad and distributed throughout Mumbai and Ulhasnagar. The company enjoys a strong reputation, serving major brands such as Future Retail Ltd. and fashion platforms like Myntra.

On Friday, shares of Mittal Life Style Ltd gained Rs 2.88 per cent to Rs 2.50 per share with an intraday high of Rs 2.62 per share and an intraday low of Rs 2.36 per share from its previous closing of Rs 2.43 per share. The stock’s 52-week high is Rs 3.13 per share and its 52-week low is Rs 1.39 per share.

The stock is up by 80 per cent from its 52-week low of Rs 1.39 per share. Investors should keep an eye on this micro-cap stock

Disclaimer: The article is for informational purposes only and not investment advice.