Kitex share price shows bearish trend
After showing a bullish trend for a week, the share price of Kitex Garments Limited in the NSE index began to descend.
A sudden spike in the share price was started on July 8, after the company decided to drop a planned investment of Rs. 3,500 crore in Kerala. The share price on July 8 was Rs.117.40. It touched the peak at Rs. 204.05 on July 14.
The trade on Friday happened at Rs. 173.85. However, this price is 62 percent higher than its price compared to the average of the last six months.