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Garment Mantra Lifestyle successfully executes order worth of 4.41 Crores of Covid essential

Posted On: 2020-10-16 08:16:49


Garment Mantra Lifestyle Ltd (Erstwhile Junction Fabrics & Apparels Ltd) has announced the successful execution of 4.41 Crores of the prestigious order from one of the large B2B platforms, which is specialized in engineering and varies other products and services.

The Company has executed the order within 15 days of receiving the same and supplied requisite quality products, which shows the large potentials the Company possess. The Company has seen great demand from this segment. Moreover, the company is witnessing steady traction on both core operations as well as Covid essentials after this challenging time. The company is gradually resuming its normalized operations at the factory level with ease of restrictions and availability of labor.

Commenting on the same, Mr. Prem Aggarwal, Chairman & Managing Director, "We at Garment Mantra are glad to update our stakeholders that despite the unprecedented time of Covid-19, we have bagged and executed one of the large order worth of 4.4 Crores within short span of time. Considering the major milestone, we are looking forward for more such orders from major large trading partners for Covid supplements. We are very confident for our future outlook. Apart from this, we have seen great traction in our core business side because of festive season and we are witnessing major demand arising from export market, even higher than pre-Covid times. We remain confident about a stable and improved performance going forward."

Shares of Garment Mantra Lifestyle Ltd (Erstwhile Junction Fabrics & Apparels Ltd) was last trading in BSE at Rs.64 as compared to the previous close of Rs. 62.15. The total number of shares traded during the day was 39000 in over 11 trades.

The stock hit an intraday high of Rs. 69 and intraday low of 63. The net turnover during the day was Rs. 2514000.


Source: Equity Bulls

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