This less known stock, Kewal Kiran Clothing, which makes apparels and lifestyle accessories has been hitting new highs ever since it announced a set of very good numbers for Q2FY14. The company owns brands like Killer, LawmanPg3, Integriti and Easies.

The stock has today hit a new high at Rs.981 though volumes remain very small at around 180 shares changing hands. This Rs.10 face value stock has low floating stocks – promoters hold 74.12%, FIIs hold 11.49% and DIIs hold 6.48%, leaving just 7.91% stake in the public. Its market cap stands at Rs.1209 crore.

For Q2FY14, the company, posted a net sales of Rs.116 crore, up 27% (YoY). Despite a 20% rise in operating expenses and 50% surge in tax outgo, the company ended the quarter with a net profit at Rs.23 crore, up 28% and sequentially, it was up by a whopping 92%. The company has ended h1FY14 with a net profit at Rs.36 crore v/s net profit of Rs.53 crore for FY13. Clearly, with two more quarters to go, if it manages to keep up the same tempo of performance, it could end the current fiscal on a very high note.  Its debt is pretty insignificant as can be seen from the interest outgo per quarter, which is less than one crore.