Bombay Rayon Fashions slumped 7.99% to Rs 203.25 at 14:46 IST on BSE after the company's board of directors approved the proposal of corporate debt restructuring.
Meanwhile, the BSE Sensex was up 13.90 points, or 0.07%, to 20,163.75
On BSE, 1.37 lakh shares were traded in the counter. The scrip had an average daily volume of 54,751 shares in the past one quarter.
The stock hit a high of Rs 219 and a low of Rs 185.05 so far during the day. The stock had a 52-week high of Rs 278.90 on 27 September 2012 and a 52-week low of Rs 185.25 on 5 June 2013.
The small-cap scrip had underperformed the market over the past one month till 19 July 2013, rising 3.9% compared with the Sensex's 4.7% rise. The scrip had also underperformed the market in past one quarter, falling 11.09% as against Sensex's 5.96% gain.
The company has equity capital of Rs 134.60 crore. Face value per share is Rs 10.
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Bombay Rayon Fashions after market hours on Friday, 19 July 2013 said the company's board of directors has considered/ approved the proposal of corporate debt restructuring (CDR). No other details were provided.
Bombay Rayon Fashions' net profit rose 16.6% to Rs 48.36 crore on 12.5% growth in net sales to Rs 895.55 crore in Q4 March 2013 over Q4 March 2012.
The company is engaged in manufacturing textiles consisting of fabrics and garments.
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