Suditi Industries shares hit upper for the fourth consecutive trading session on Tuesday. The scrip is on upward trajectory since it informed bourses on May 5 that the company and YouWeCan have associated to create a clothing line under the YWC label.
The share price of the company jumped 21 per cent since informed about the association with YouWeCan.
In a BSE filing the comany said, “The association is created through the brand licensing company Black White Orange Brands taking their strategic partnership with YouWeCan Ventures a notch higher. As a part of this exclusive deal, Suditi Industries will design and manufacture a licensed clothing line that will include lifestyle and fashion apparel for men, women and 4 plus kids. The collection is expected to launch in stores and online by September 2016.” YouWeCan is backed by celebrity cricketer Yuvraj Singh.
For the quarter ended December 2015, the company reported 67.59 per cent rise in net profit at Rs 0.18 crore against Rs 0.11 crore in the same quarter last year.
On Tuesday, shares of Suditi Industries surged 5 per cent to Rs 30.50.