Kitex Garments, which had closed yesterday at Rs.168.65, opened higher today at Rs.177.40 and went on to hit a new high at Rs.185.50, hitting the 10% UC of the day.

The company, which was in the news recently for its face-off with the Kerala Govt, said that it has entered Telangana with an initial investment of Rs 1,000 crore.

As a part of the deal with Telangana government, the firm will set up its factories at the Kakatiya Mega Textile Park in Warangal district.

The world's largest kids apparel maker, has canceled its investment plans from Kerala citing "harassment" by state officials.