KG Denim Surges 20% On Six-Fold Jump In Q1 Profit

Shares of KG Denim surged as much as 20 per cent to hit fresh 52-week high of Rs 109.70 after the company reported strong June quarter earnings.  The Coimbatore-based denim and apparel fabric manufacturer's net profit jumped nearly six times to Rs 9.3 crore on sales of Rs 154.23 crore. During the same quarter last year the company had reported net profit of Rs 1.6 crore on sales of Rs 159.4 crore. Lower costs helped drive the surge...