ICICI Securities Limited
Kewal Kiran’s (KEWAL) revenue performance (at 15% YoY) was in the top quartile of the overall retail sector. It was driven by both higher volume and ASP. This was largely due to revenue outperformance in Jeans segment, which enjoys higher ASP (likely price hike), at portfolio level.
Kewal Kiran Clothing Ltd. is trading above its 50 day SMA of 453.2
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