• Source:JND
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SP Apparels Share Price: Shares of Garments and Apparels Industry Company SP Apparels Limited (SPAL) have seen a drastic surge of over 20% to Rs 1,133 on Wednesday on the Bombay Stock Exchange (BSE). The company stock also touches a new 52-week high in today's trading session. The company's shares have seen a significant increase in the last two days as the political crisis deepened in Bangladesh. The 52-week low of SP Apparel shares is Rs 429.40.

SP Apparel stock jumps over 44% in 2 days

The company's share price increased by 44% in two days as it rose from Rs 790 to Rs 1,133 in during the period. Meanwhile, the shares of SP Apparels Limited soared by 114% in a month i.e. from the level of June 4, 2024. The company's shares were at Rs 530 on June 4, and today the stock reached a level of Rs 1,133. The apparel company stock gained over 85% so far this year.

The company's shares were at Rs 605.80 on January 1 this year, which reached Rs 1,133 on August 7, 2024. 

Textile is a key source of revenue for Bangladesh

The textile sector is the main source of export income for Bangladesh as its monthly apparel export is around $3.5-3.8 billion. Bangladesh has a high double-digit export market share in the European Union and the United Kingdom. At the same time, Bangladesh has a market share of 10% in the US market. SP Apparels Limited is one of the leading companies in the infant and children's wear knitted garment industry along with the adult category.