KPR Mill shares gained on Tuesday after the company announced that in order to meet increased demand in garment export, the company has initiated expansion plans in its garment business. Besides expanding capacity of its existing facility, it adds up a new facility near Tirupur-the largest Knitwear Cluster.

This shall increase its present capacity of 30 million pieces to 40 million pieces per annum (single shift). Since major infrastructures are already in place, its operation is expected during the first quarter of FY15. It would result in creation of direct employment for about 1,000 people.

Shares of the company are trading at Rs 192, up Rs 5.95, or 3.20% at the Bombay Stock Exchange (BSE) on Tuesday at 12:50 p.m.

The scrip has touched an intra-day high of Rs 192.50 and low of Rs 182.30. The total volume of shares traded at the BSE is 19,031.

In the earlier session, the shares rose 2.06%, or Rs 3.75, at Rs 186.05.

Currently, the stock is trading all time 52-week high, which is above 83.82% over the 52-week low of Rs 104.45.