Trending Share: It has jumped 545% in three years, can take a long jump ahead, know why – kpr mill’s growth and the china-plus-one strategy textile tactics propel the stock to a three percent rally
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Today, the share of KPR Mill Limited jumped 3.91 percent. This took it to Rs 721.80, which is its 52-week high. The current market cap of the company is Rs 24,097.89 crore. From a technical point of view, the 200-day moving average of this stock is Rs.599.09 on August 21, 2023, while its 50-day moving average is Rs.640.90. Its current price is Rs 599.09. In the recent crossover, its 50-day moving average has crossed the 200-day moving average. This is an indication that it can accelerate significantly in the long term.
What is China-plus strategy? Companies are facing the complexities of the globalized economy. In such a situation, the role of supply chain strategy is very important for growth. This is the reason why China-plus-one strategy has emerged as the most important approach for multinational companies. The strategy includes diversifying production and sourcing activities by adding a choice of manufacturing or sourcing locations to China. By internalizing processes and reducing dependence on external suppliers, companies can have better control at every stage of the supply chain. This also increases their production control and adaptability.
The company had announced the first quarter results on August 1, 2023. Its details are as follows… In the first quarter of the financial year 2024, the company’s revenue increased by 1.64 percent to Rs 1,611 crore. However, the company’s profit declined by 10.57 per cent to Rs 203 crore. This suggests that the company’s performance has taken a minor hit in the June quarter. But it is expected that the performance of the company will improve in the coming days. There has been a lot of buying activity in this stock. It has grown by 545% in the last three years. Keep an eye on this trending stock in coming days.
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