07 Nov 2024

New Light Apparels' Stock Rises on Launch of New 'Alfanjo' Fashion Line

New Light Apparels’ stock price rose to Rs. 11.19, gaining 0.21 points or 1.91% from its previous close of Rs. 10.98 on the BSE.

The stock opened and peaked at Rs. 11.19, with no further fluctuation during the day. Trading volume reached 209,849 shares on the exchange.

In the BSE’s ‘XT’ category, this stock with a face value of Rs. 1 recently marked a 52-week high of Rs. 11.19 on November 7, 2024, and a low of Rs. 1.50 on January 23, 2024. Over the past week, the highest and lowest prices stood at Rs. 11.19 and Rs. 10.36, respectively. The company’s market capitalization currently stands at Rs. 98.02 crore.

The shareholding pattern reveals that promoters own 5.69%, institutions hold 1.10%, and non-institutional investors account for 93.21%.

New Light Apparels recently introduced its latest products under the ‘Alfanjo’ brand, with a focus on D2C (direct-to-consumer) fast fashion, branded as 'Alfanjo - Fast Fashion'. The collection, launched on October 28, 2024, targets the domestic market with trendy apparel aimed at offering comfort, style, and durability.

Renowned for manufacturing, exporting, and supplying stylish apparel across categories—men’s, women’s, children’s, and unisex wear—New Light Apparels continues to strengthen its market presence with the Alfanjo brand expansion.