{"id":123344,"date":"2024-04-30T15:17:45","date_gmt":"2024-04-30T09:47:45","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=123344"},"modified":"2024-04-30T15:40:36","modified_gmt":"2024-04-30T10:10:36","slug":"stock-hits-upper-circuit-after-company-announces-expansion-plans-in-north-east-india","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-hits-upper-circuit-after-company-announces-expansion-plans-in-north-east-india\/","title":{"rendered":"Stock hits upper circuit after company announces expansion plans in North East India\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-772009674\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Share price of this mid-cap stock hit a 2% upper circuit on BSE to Rs. 6.07 in the trading session of Tuesday, after the company announced that the company is expanding and exploring business opportunities in the North East region.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2073115455\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalisation of Rs. 60.93 crores, the company has delivered positive returns of about 38 percent in the last one year and nearly 31.4 percent in the last six months. So far in 2024, it has given around 20.2 percent of positive returns.&nbsp;<\/p><p>According to recent regulatory filings with the BSE, <strong>Garment Mantra Lifestyle Limited<\/strong> through their strategic tie-ups has identified distributors in the North East region, especially from Siliguri, Guwahati and Tinasukiya which are considered as major distribution points.\u00a0<\/p><p>The model of the company is to work closely with the Retailers and provide direct market intelligence to the Distributor to improve product placement.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1969504786\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>\u201cNow the company will follow the international pattern, where the company can expand the market and connect with the customers to provide the pre-booked orders to distributors,\u201d <strong>said the Chairman &amp; Managing Director of Garment Mantra.&nbsp;<\/strong><\/p><p>Both commission agents and wholesale clients will find immense benefit in this model, as they can leverage their customer base to expand their businesses based on the strength of the company&#8217;s products.&nbsp;<\/p><p>The most specific point is that all the quality products under the company\u2019s umbrella will now be offered in the North-East part of India at the same price as in Tirupur.&nbsp;<\/p><p>In terms of financials, the company\u2019s revenue from operations grew by nearly 18.5 percent from Rs. 28.16 crore in Q3 FY22-23 to Rs. 33.36 crore in Q3 FY23-24, accompanied by an increase in the net profit by 300 percent from Rs. 0.35 crore to Rs. 1.4 crore during the same period.&nbsp;<\/p><p>Garment Mantra Lifestyle Limited is focused on fulfilling the fashion and lifestyle aspirations of the Mass Indian Population and is engaged in the business of garment manufacturing and selling of both Knitted Fabrics as well as Knitted Garments.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Shivani Singh<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-747945477\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-2453309779\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Share price of this mid-cap stock hit a 2% upper circuit on BSE to Rs. 6.07 in the trading session of Tuesday, after the company announced that the company is expanding and exploring business opportunities in the North East region.&nbsp; With a market capitalisation of Rs. 60.93 crores, the company has delivered positive returns of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":12545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-123344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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