Multibagger Stock Hit 10 Per Cent UC & 52-Week High As Company Signs Manufacturing Agreement With Puma Sports India Pvt Ltd
The stock gave multibagger returns of 120 per cent in just 1 year and a whopping 500 per cent in 3 years.
Active Clothing Company Limited is expanding its customer base of the company by roping in multi-national companies it has signed a manufacturing agreement with Puma Sports India Pvt Ltd as a T-1 supplier.
Active Clothing Co Ltd, established in 2002, is a prominent player in the readymade garment industry, engaged in both manufacturing and trading. The company boasts an impressive annual apparel capacity for Men, Women, Kids, and Babywear, reaching 12 Lac, 2.50 Lac, and 10 Lac pieces respectively. Renowned for its expertise in flat-knit sweaters, outerwear jackets & circular knit t-shirts, sweatshirts and joggers, Active Clothing Co Ltd has established itself as a leading integrated apparel manufacturer and designer.
Beyond its manufacturing capabilities, the company also functions as a distributor for renowned brands such as Levi's, Flying Machine, Celio, Ed Hardy, Basics, United Colors of Benetton, and more. This strategic move allows Active Clothing Co Ltd to tap into a wider market and cater to diverse customer preferences. The company's distribution network primarily focuses on Multi Brand Outlets (MBOs) in North India, further strengthening its presence in the region.
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On Thursday, shares of Active Clothing Co Ltd hit a 10 per cent upper circuit and made a new 52-week high of Rs 150.43 per share from its previous closing of Rs 136.76 per share. The shares of the company saw a spurt in volume by more than 2 times on BSE. The company have a market cap of Rs 233.35 crore. The stock gave multibagger returns of 120 per cent in just 1 year and a whopping 500 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.