Garment Mantra Lifestyle Limited proposed its milestone 11th Store at Neyveli

Garment Mantra Lifestyle Limited (GMLL), a focused company on fulfilling the fashion and lifestyle aspirations of Mass Indian Population proposed its 11th store in Neyveli Lignite Power Plant Township in Tamil Nadu., the store aims at providing high-quality, aspirational fashion wear at affordable prices for the entire family with an enhanced shopping experience.

Garment Mantra has proposed a new store in its retail arm Twenty Twenty Trading LLP "Price Mantra" in the township of Neyveli Lignite Power Plant, Tamil Nadu, this store will be operational in next 30 - 45 days. This township is an industrial town in the Cuddalore district in the Indian state of Tamil Nadu and has a population density of ~3 lakhs and the proximity to the closest town is 100 kms. GGML will be benefited with a ready customer base which was previous facing issues with their essential and regular shopping.

Each year around 1000-1250 engineers retire from their services within the power plant with a sizeable retirement benefit, they in general relocate to their hometown to spend their retired life, Price Mantra" will offer a business cum income generating incentive by opting for a franchise with an minimal capital introduction. It will also assist these professionals to engage in activities which will generate income in annuity fashion through this franchise model which will also help Price Mantra expand its brand into multiple Cities.

Commenting on this Milestone, Mr. Prem Aggarwal, Chairman & Managing Director, Garment Mantra Lifestyle said "We are also happy to announce our upcoming 11th store in Neyveli Lignite Power Plant, our brand continues to reinforce its role in offering up-to-date and affordable fashion for every member of the family. The purpose of launching these stores is to serve our esteemed customers with exclusive offerings and a remarkable instore experience. We are confident that we will receive continued support from the customers we are catering."

Shares of GARMENT MANTRA LIFESTYLE LIMITED was last trading in BSE at Rs. 194.75 as compared to the previous close of Rs. 191.05. The total number of shares traded during the day was 26739 in over 563 trades.

The stock hit an intraday high of Rs. 210 and intraday low of 193.5. The net turnover during the day was Rs. 5402809.

Source : Equity Bulls

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