Ashapura Intimates Fashion rose 3.74% to Rs 257.90 at 12:19 IST on BSE after the company announced that it will inaugurate exclusive brand outlet store at Vashi, New Mumbai on 15 December 2015.
The company made the announcement during market hours today, 14 December 2015.
Meanwhile, the S&P BSE Sensex was up 24.52 points or 0.1% at 25,068.95
On BSE, so far 36,302 shares were traded in the counter as against average daily volume of 79,435 shares in the past one quarter.
The stock hit a high of Rs 261.40 and a low of Rs 249.90 so far during the day. The stock had hit a record high of Rs 310 on 5 May 2015. The stock had hit a 52-week low of Rs 134 on 2 February 2015.
The stock had underperformed the market over the past one month till 11 December 2015, falling 6.86% compared with Sensex's 3.18% decline. The scrip, however, outperformed the market in past one quarter, gaining 7.43% as against Sensex's 2.21% fall.
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The small-cap company has equity capital of Rs 19.47 crore. Face value per share is Rs 10.
Ashapura Intimates Fashion's net profit rose 18.42% to Rs 3.60 crore on 3.24% rise in net sales to Rs 51.48 crore in Q2 September 2015 over Q1 June 2015.
Ashapura Intimates Fashion is in the business of designing, trading, job contract manufacturing, branding, marketing and selling of intimate garments such as loungewear, bridal night wear / honeymoon sets, bathrobes and nighties.
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