Rupa & Co, Dollar Ind, Kitex Garments hit 52-wk lows on weak Q3 results

However, Kitex Garments said the company's order book in queue for 2023-24 indicates achieving a better performance in Q1 and normal performance by Q2

Shares of garment & apparels companies were under pressure on Wednesday, falling up to 14 per cent on the BSE in the intra-day trade, on weak December quarter (Q3FY23) results. Dollar Industries, TCNS Clothing Company, Rupa & Company, and Kitex Garments hit their respective 52-week lows today.

Among individual stocks, Kitex Garments tanked 14 per cent to hit 52-week low of Rs 152.10 amid heavy volumes. The stock fell below its previous low of Rs 168.80, touched on December 23, 2022. For Q3FY23, Kitex Garments reported a consolidated net loss of Rs 4.22 crore due to sharp decline in