Stock Market News: Data released on the exchange and the stock rose 10% in a few seconds

News Topical, Digital Desk : The company's stock opened at Rs 153.34 against the closing price of Rs 152.79 on July 2. After this, as soon as the news came, the stock reached Rs 170.49. The company has shown strong business growth in the first quarter of FY26 i.e. April-June 2025. The company's turnover stood at Rs 379 crore with a growth of 42%, while it was Rs 267 crore in the same quarter last year. This growth has come due to the demand of festivals and wedding season, popularity of the brand and strong retail network.

New Store Opening- The company has opened the 69th store of the brand "Kanchipuram Varamahalakshmi Silks" in Davanagere, Karnataka on 13 June 2025. The size of this store is 10,300 square feet.

Further Planning - These new stores are work in progress Tirupati (Andhra Pradesh) Vellore (Tamil Nadu) Mysore (Karnataka) Nizampet, Hyderabad (Telangana) This aggressive expansion policy and strong sales growth of the company can make it stronger in the retail fabric sector in the coming times. This company Sai Silks (Kalamandir) Limited is a retail textile company, which has a special identity especially in the sale of silk sarees and ethnic wear. Its main focus is in South India. The company has a strong hold in the sale of sarees, especially traditional and bridal sarees like Kanchipuram Silk, Banarasi Silk, Designer Sarees.

Ethnic Wear The company also sells traditional clothes for women, men and children - such as salwar suits, kurta-pyjama, lehenga etc. It runs stores under its brands Kalamandir Mandir Kancheepuram Varamahalakshmi Silks KLM Fashion Mall

Online sales - The company also sells clothes through online platforms and its website. Special feature - Sai Silks is a very popular brand especially among those who buy traditional dresses for weddings and festivals, and it has a strong customer base in South India.