KPR Mill slips 9%, hits 52-week low as investors fret demand slowdown

With 24% correction in June, the stock of the garments & apparels maker has corrected 38% from its record high level of Rs 771.80

Shares of KPR Mill hit a 52-week low of Rs 479.60, slipping 9 per cent on the BSE in Tuesday's intra-day trade. The stock has fallen 24 per cent thus far in the month of June on cautious outlook. Global retailers have significantly trimmed down their profit projections, sighting raw material inflation and removal/reduction of stimulus, dampening the outlook.

With the recent correction, the stock of the garments & apparels maker has corrected 38 per cent from its record high level of Rs 771.80, touched on January 17, 2022. In comparison, the S&P BSE Sensex was up 1.7 per