Irish Clothing has signed a deal with Disney to launch garments featuring Marvel and Disney movie characters. The 52-week high of Irish Clothing Limited shares is Rs 111 while the 52-week low is Rs 66. In the last 6 months, Irish Clothing Limited shares have been trading at a decline of 21 per cent. Irish Clothing Limited has informed the stock market that the company has prepared a big plan to increase its operations.
Irish Clothing Limited is a kids garment company which has released excellent results for the last financial year. The kids garment market in India is expected to grow at the rate of 9.1 percent annually. Irish Clothing Limited has signed an agreement with Disney to launch garments featuring Marvel and Disney movie characters.
Meanwhile, recent survey suggested that the Indian kid apparel market is expected to grow at 9.1 % CAGR between financial year 2000-2025. The target is projected at 1.56 trillion and children represent about 25-26 % of Indian population which is definitely suggests a huge customer base.
Meanwhile, stock market benchmark indices Sensex and Nifty ended almost flat on Monday amid a lacklusture trade as investors preferred to stay on the sidelines in the absence of any fresh trigger.
Weak cues from Asian markets also added to the muted trend in domestic equities.
After beginning the trade on a weak note, the 30-share BSE Sensex declined 36.22 points or 0.05 per cent to settle at 79,960.38. During the day, it went lower by 264.77 points or 0.33 per cent to 79,731.83.
The NSE Nifty dipped 3.30 points or 0.01 per cent to 24,320.55. Among the Sensex pack, Titan, Adani Ports, Tata Steel, JSW Steel, UltraTech Cement, Asian Paints, Mahindra & Mahindra and Bajaj Finserv were the biggest laggards.
ITC, Hindustan Unilever, Nestle, HCL Technologies and Tata Motors were among the gainers.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)
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