Kewal Kiran Clothing Ltd. News and Updates

Name: Latest research reports of Kewal Kiran Clothing Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Kewal Kiran Clothing Ltd.
Rating: 3
Author: ICICI Securities Limited

Keep track of all breaking news on Kewal Kiran Clothing Ltd. from all sources in a single place.

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Kewal Kiran Clothing Ltd.

05 Jul 2021

459.90

-1.84%

ED arrests Shakti Bhog CMD in money laundering case linked to bank fraud

Business Standard

ED said it has arrested Kewal Krishan Kumar, chairman and managing director (CMD) of Delhi-based Shakti Bhog Foods Limited, in a money laundering case linked to an alleged multi-crore bank loan fraud

Kewal Kiran Clothing Ltd. has lost -37.51% in the last 1 Year

Kewal Kiran Clothing Ltd.

25 Jan 2021

459.90

-1.84%

Kewal Kiran Clothings

Hold: Kewal Kiran Clothing Ltd.

Target

ICICI Securities Limited

For Q3FY21, volumes were at 13.15 lakh units vs. 13.45 lakh units in Q3FY20. Higher discounting, unfavourable channel mix (e-commerce) led to average realisations declining 5% YoY to | 816/piece. Jeans continues to be an integral category with revenue contributing 45% of overall sales. Over the years KKCL has gradually diversified its product portfolio from jeans towards other categories (share of jeans down from ~70% in Q1FY17). During the quarter, casual shirts segment outperformed other categories, with positive sales growth and share in overall sales increasing 200 bps YoY...

Kewal Kiran Clothing Ltd. has lost -29.32% in the last 6 Months

Kewal Kiran Clothing Ltd.

28 Oct 2020

459.90

-1.84%

Buy Kewal Kiran Clothing; target of Rs 968: Anand Rathi

Moneycontrol

Anand Rathi is bullish on Kewal Kiran Clothing has recommended buy rating on the stock with a target price of Rs 968 in its research report dated October 26, 2020.

Kewal Kiran Clothing Ltd. has lost -37.51% in the last 1 Year

Kewal Kiran Clothing Ltd.

26 Oct 2020

459.90

-1.84%

Kewal Kiran Consolidated September 2020 Net Sales at Rs 67.48 crore, down 59.51% Y-o-Y

Moneycontrol

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Kewal Kiran Clothing.. has an average target of 690.00 from 1 broker.

Kewal Kiran Clothing Ltd.

04 Aug 2020

459.90

-1.84%

Buy Kewal Kiran Clothing; target of Rs 1052: Anand Rathi

Moneycontrol

Anand Rathi is bullish on Kewal Kiran Clothing has recommended buy rating on the stock with a target price of Rs 1052 in its research report dated July 30, 2020.

Kewal Kiran Clothing Ltd. is trading below all available SMAs

Kewal Kiran Clothing Ltd.

03 Aug 2020, 10:47AM

459.90

-1.84%

Hold Kewal Kiran Clothing; target of Rs 755: ICICI Direct

Moneycontrol

ICICI Direct recommended hold rating on Kewal Kiran Clothing with a target price of Rs 755 in its research report dated July 30, 2020.

Kewal Kiran Clothing.. has an average target of 690.00 from 1 broker.

Kewal Kiran Clothing Ltd.

30 Jul 2020

459.90

-1.84%

Kewal Kiran Clothings

Hold: Kewal Kiran Clothing Ltd.

Recommendation Target

ICICI Securities Limited

With minimal social gatherings and people preferring to work from home, discretionary spending on categories such as jeans and shirts were significantly hit during the quarter. While the company has over the years gradually diversified its product portfolio from jeans towards other categories (share of jeans down from ~70% in Q1FY17 to 60% currently), still majority of revenues are derived from the jeans category. We expect the near term pain to sustain and the recovery to be elongated given the challenging scenario. We note that in the previous quarter (Q4FY20),...

Kewal Kiran Clothing Ltd. has lost -37.51% in the last 1 Year

Kewal Kiran Clothing Ltd.

29 Jul 2020

459.90

-1.84%

Kewal Kiran Consolidated June 2020 Net Sales at Rs 7.01 crore, down 93.64% Y-o-Y

Moneycontrol

NULL

Kewal Kiran Clothing Ltd. has lost -22.82% in the last 3 Months

Kewal Kiran Clothing Ltd.

29 May 2020

459.90

-1.84%

Buy Kewal Kiran Clothing; target of Rs 820: ICICI Direct

Moneycontrol

ICICI Direct is bullish on Kewal Kiran Clothing has recommended buy rating on the stock with a target price of Rs 820 in its research report dated May 29, 2020.

Kewal Kiran Clothing Ltd. is trading below all available SMAs

Kewal Kiran Clothing Ltd.

29 May 2020

459.90

-1.84%

Kewal Kiran Clothings

Buy: Kewal Kiran Clothing Ltd.

Target

ICICI Securities Limited

For FY20, revenue growth was at 5% YoY to | 530.0 crore. The revenue growth for 9MFY20 was ~ 9% while revenue decline in Q4FY20 impacted the FY20 performance. Revenue growth was mainly driven by 5% volume growth to 53.2 lakh pieces with average realisation remaining flat at | 995 per piece. Prior to the Covid-19 impact in Q4FY20, the management had highlighted that the underlying market was weak, primarily on account of de-stocking at the distributor level owing to liquidity concerns. The advent of Covid-19 further exacerbated market condition due to store closures...