Active Clothing hits new new

Active Clothing Company, which had closed on Friday at Rs.39.45, opened itself at its 5% UC of the day at Rs.41.40, hitting a new high too, where it now remains frozen.

The stock price hit the roof after the company announced that it has entered into an agreement with Japan-led Shima Seiki for import of machinery.

Once the company gets this machinery, it is expected to increase the capacity by another 1 million garments annually, enabling it to become a dominant player in the active wear manufacturing industry.