KG Denim tumbled 10.08% to Rs 62.90 at 11:42 IST on BSE after net profit fell 90.2% to Rs 0.91 crore on 3.9% decline in net sales to Rs 146.74 crore in Q1 June 2017 over Q1 June 2016.
The result was announced on Saturday, 2 September 2017.Meanwhile, the S&P BSE Sensex was down 158.25 points or 0.5% at 31,733.98. The S&P BSE Small-Cap index was down 74.56 points or 0.46% at 16,055.56.
On the BSE, 90,000 shares were traded on the counter so far as against the average daily volumes of 17,484 shares in the past one quarter. The stock had hit a high of Rs 72 so far during the day. The stock hit a low of Rs 61.50 so far during the day, which is a 52-week low. The stock had hit a record high of Rs 111.25 on 1 November 2016.
The stock had underperformed the market over the past one month till 1 September 2017, sliding 3.25% compared with the Sensex's 2.1% fall. The stock had also underperformed the market over the past one quarter, declining 14.43% as against the Sensex's 2.42% rise. The scrip had also underperformed the market over the past one year, sliding 19.64% as against the Sensex's 12.2% rise.
The small-cap company has equity capital of Rs 25.65 crore. Face value per share is Rs 10.
KG Denim is a denim and apparel fabric manufacturer, which caters to fashion brands and retailers across the world.
Powered by Capital Market - Live News