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Textile stock jumps 4% after it partners with Swiggy Instamart

Textile stock collaborates with Swiggy Instamart for 10-minute delivery of Frenchie innerwear, merging technology and convenience to enhance customer experience and align with modern urban retail trends.
Textile stock teams up with Swiggy Instamart for 10-minute Frenchie delivery, blending tech and convenience seamlessly.
Textile stock teams up with Swiggy Instamart for 10-minute Frenchie delivery, blending tech and convenience seamlessly.

Introduction:

Textile stock partners with Swiggy Instamart to deliver its iconic men’s innerwear brand, Frenchie, in 10 minutes. This innovative collaboration combines convenience with technology, enhancing customer experience and adapting to modern retail trends for urban consumers.

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Share Price movement of VIP Clothing:

On December 11, 2024, VIP Clothing Ltd (NSE: VIPCLOTHING) share price increased by 4.31%, reaching ₹52.00. The stock opened at ₹50.22, hit an intraday high of ₹53.00, and a low of ₹50.11. The company’s market capitalization stands at ₹447.96 crore.

VIP Clothing  share price rise:

VIP Clothing Limited has announced a partnership with Swiggy Instamart to offer instant delivery of its iconic men’s innerwear brand, Frenchie. This innovative collaboration aims to provide customers with a seamless shopping experience, ensuring accessibility and convenience with 10-minute delivery services.

This partnership signifies VIP Clothing’s strategic move to integrate technology-driven solutions for enhancing customer satisfaction. By collaborating with Swiggy Instamart, the company leverages the platform’s vast delivery network to cater to urban consumers, aligning with modern retail trends and customer preferences.

The press release was disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015, showcasing VIP Clothing’s commitment to transparency and innovation. This move reinforces the brand’s legacy while adapting to the evolving retail landscape, enhancing its market presence.

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Recent news About VIP Clothing:

VIP Clothing has reported a significant increase in demand for its premium innerwear segment, driven by strong festive season sales. The company is also exploring innovative strategies to strengthen its distribution network and expand its presence in Tier-II and Tier-III cities.

Ace investor holding of VIP Clothing:

Ace investor Ashok Kishanchand Bhatia holds a 1.29% stake in VIP Clothing, with 1,063,766 shares valued at ₹5.6 crore. His stake saw a marginal decrease of 0.14% compared to the previous quarter.

Stock performance of VIP Clothing for Period of 1 week, 6 months and 1 year:

VIP Clothing has delivered notable returns across various periods. Over the past week, the stock rose by 4.57%. In the last six months, it surged 45.0%, and over the past year, it recorded a return of 9.56%, showcasing consistent performance.

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Shareholding pattern of VIP Clothing:

All values in %Sep-24Jun-24Mar-24
Promoters49.5949.5949.59
FII00.030.12
Retail & others50.4250.3850.29
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About VIP Clothing:

VIP Clothing is a leading Indian apparel company known for its iconic innerwear brand, Frenchie. The company specializes in high-quality, stylish innerwear and caters to diverse consumer needs, leveraging innovation and strategic partnerships to strengthen its market presence.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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