KDDL gained 1.46% to Rs 200.95 at 12:00 IST on BSE after the company announced that its subsidiary-Ethos has launched a new store with effect from 25 June 2017 at Seawoods, Railway Station, Navi Mumbai.
The announcement was made after market hours yesterday, 18 July 2017.Meanwhile, the S&P BSE Sensex was up 167.90 points or 0.53% at 31,878.89. Meanwhile, the S&P BSE Small-Cap index was up 151.12 points or 0.96% at 15,968.72.
On the BSE, 28 shares were traded on the counter so far as against the average daily volumes of 2,533 shares in the past one quarter. The stock had hit a high of Rs 202 and a low of Rs 200.95 so far during the day. The stock had hit a 52-week high of Rs 294.50 on 10 August 2016 and a 52-week low of Rs 171.90 on 28 March 2017.
The stock had dropped 3.99% in three sessions to settle at Rs 198.05 yesterday, 18 July 2017 from a close of Rs 206.30 on 13 July 2017.
The stock had underperformed the market over the past one month till 18 July 2017, gaining 0.46% compared with Sensex's 2.11% gains. The scrip had also underperformed the market in past one quarter, falling 6.8% as against Sensex's 8.16% rise. The scrip had also underperformed the market in past one year, declining 1% as against Sensex's 14.29% rise.
The small-cap company has equity capital of Rs 10.84 crore. Face value per share is Rs 10.
KDDL said that the total number of stores as on date is 36 only.
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KDDL reported consolidated net loss of Rs 1.34 crore in Q4 March 2017 compared with net loss of Rs 3.09 crore in Q4 March 2016. Net sales fell 3.2% to Rs 103.30 crore in Q4 March 2017 over Q4 March 2016.
KDDL is a diverse company focusing on luxury retail watches and precision engineering. It has established India's largest retail chain for premium and luxury watches-Ethos and SUMMIT. It is a global supplier of high quality watch components. Its precision stamping division offers high precision pressed components and tooling solution for a wide range of engineering applications.
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