Aditya Birla Fashion and Retail fell 10.86% to Rs 188 at 11:02 IST on BSE as fresh shares allotted by the company recently were admitted for trading on the bourses today, 4 February 2016.
Meanwhile, the BSE Sensex was up 143.56 points, or 0.59%, to 24,366.88.
On BSE, so far 85,000 shares were traded in the counter, compared with an average volume of 8,914 shares in the past one quarter. The stock hit a high of Rs 199.10 and a low of Rs 178.40 so far during the day. The stock hit a 52-week high of Rs 263 on 1 January 2016. The stock hit a 52-week low of Rs 107.20 on 27 April 2015. The stock had underperformed the market over the past one month till 3 February 2016, sliding 14.75% compared with 7.41% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, falling 1.45% as against Sensex's 8.90% fall.
The large-cap company has an equity capital of Rs 768.84 crore. Face value per share is Rs 10.
Aditya Birla Fashion and Retail (erstwhile Pantaloons Fashion & Retail) allotted 67.60 crore shares pursuant to composite scheme of arrangement between the company, Aditya Birla Nuvo (ABNL), Madura Garments Lifestyle Retail Company (MGLRCL) and their respective shareholders. Shares were allotted to the shareholders of ABNL and MGLRCL.
Shareholders of ABNL received 26 new equity shares of Aditya Birla Fashion and Retail for every 5 equity shares held in ABNL. Shareholders of MGLRCL received 7 new equity shares of Aditya Birla Fashion and Retail for every 500 equity shares held in MGLRCL. Preference shareholder of MGLRCL received 1 new equity share of Aditya Birla Fashion and Retail.
Aditya Birla Fashion and Retail reported net loss of Rs 44.18 crore in Q2 September 2015 as against net loss of Rs 43.49 crore in Q2 September 2014. Net sales rose 8.64% to Rs 590.90 crore in Q2 September 2015 over Q2 September 2014.
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Aditya Birla Fashion and Retail is a premium clothing retail chain. It was previously controlled by the Future Group, but has now been taken over by Aditya Birla Nuvo (ABNL), a part of the Aditya Birla Group.
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