Kitex: Strange, New Facts about Employee Cost and Sales to an Unlisted Entity
Kitex Garments Ltd has been one of the most fascinating stories of the past few years’ massive run-up in small-cap stocks. The narrative about Kitex, until 2016, was one of hard work, perseverance, doggedness, ingenuity, camaraderie and the power of doing good, out of God’s Own Country—Kerala. The Kitex group is the largest private sector employer in Kerala and the 3rd largest infant-wear...
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