Returning 174 percent in 3 years, the company signed a deal with Disney

Returning 174 percent in 3 years, the company signed a deal with Disney

A recent survey suggests that the Indian children's apparel market is expected to grow at a CAGR of 9.1% during fiscal years 2000-2025.

Iris Clothing Share: 174 percent return in 3 years, company signs deal with Disney

Irish Clothing has signed a deal with Disney to launch clothing featuring characters from Marvel and Disney films. Shares of Irish Clothing Limited have a 52-week high of Rs.111 and a 52-week low of Rs.66. Over the past 6 months, shares of Irish Clothing Limited have fallen 21 percent. Irish Clothing Limited has informed the stock market that the company has made a major plan to expand its operations.

Irish Clothing Limited is a children's garment company that has announced excellent results for the last financial year. India's children's clothing market is expected to grow at an annual rate of 9.1 percent. Irish Clothing Limited has signed a deal with Disney to launch clothing featuring characters from Marvel and Disney films.

Meanwhile, a recent survey suggests that the Indian kid apparel market is expected to grow at a CAGR of 9.1% during fiscal years 2000-2025. The target stands at 1.56 trillion and children represent about 25-26% of the Indian population which certainly indicates a large consumer base.

Meanwhile, the stock market's benchmark indices Sensex and Nifty closed almost flat in bearish trade on Monday as investors chose to stay on the sidelines in the absence of fresh triggers.
Weaker cues from Asian markets also added to the muted trend in domestic stocks.

After opening trade on a weaker note, the 30-share BSE Sensex fell 36.22 points, or 0.05 percent, to settle at 79,960.38. It fell 264.77 points, or 0.33 percent, to 79,731.83 during the day.

The NSE Nifty was down 3.30 points, or 0.01 per cent, at 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 top laggards.

Shares of ITC, Hindustan Unilever, Nestle, HCL Technologies and Tata Motors rose.

(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 a qualified financial advisor before making any investment decisions.)




Sharing Is Caring!

Rajesh

Meet Rajesh, our astute reporter dedicated to delivering daily insights into the dynamic world of business. With a keen understanding of market trends and a passion for unraveling the complexities of commerce, Rajesh brings you the latest in the business landscape.

Leave a Reply

Your email address will not be published. Required fields are marked *