Garment Mantra Lifestyle Share: Shares of penny stock garment Mantra Lifestyle were in focus today on Tuesday. Shares of the company today closed at Rs 6.60 with a decline of 0.15%. Garment Mantra Lifestyle has announced bonus shares at 1:1 ratio. That means for every share held on the record date, one additional share of the company will be given.
What did the company say?
“The board has approved the issue of bonus shares to the existing equity shareholders in the ratio of 1:1,” the company said in a regulatory filing. The company’s board meeting will be held on August 03. Let us tell you that the market cap of the company is Rs 66.25 crore. Its 52 week high price is Rs 9.22 and 52 week low price is Rs 3.78. Garment Mantra is a micro-cap company in the lifestyle apparel industry. The company is a top producer, distributor of knitted garments and products.
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What is the expert’s opinion?
Market Analyst V.L.A. “Small-cap company Garment Mantra Lifestyle Ltd. is trading at Rs 6.60 and its current volatility has attracted positive attention from investors in the short and mid term. The stock has given returns of 32.73% in one year,” said Goodreturns. Therefore, those looking for short and mid term profits can consider entering the stock at a buy range of Rs 6.50-6.70. Can trade in the range. Stop loss for this is 5.50.
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