New Delhi, Nov. 19 -- Kitex Garments Limited made headlines as its stock soared to hit the 5% upper circuit on Monday, November 18, 2024. This surge comes amid investor excitement over the company's upcoming board meeting scheduled for November 22, where the directors will discuss a potential bonus issue.

The Kerala-based textile company, known for its multi-bagger performance in the small-cap segment, officially informed the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) of the meeting. According to the company's statement, the board will deliberate on the "declaration and recommendation of Bonus Equity Shares," subject to shareholder approval.

Kitex Garments share price was trading in the green, up 4.99 per cent, at Rs....