Kitex Garments fell 8.33% to Rs 258.05 at 11:13 IST on BSE after net profit declined 15.25% to Rs 17.95 crore on 9.09% rise in net sales to Rs 130.15 crore in Q1 June 2017 over Q1 June 2016.
The result was announced on Saturday, 29 July 2017.Meanwhile, the S&P BSE Sensex was up 102.96 points, or 0.32% to 32,412.84.
On the BSE, 1.01 lakh shares were traded in the counter so far, compared with average daily volumes of 13,063 shares in the past one quarter. The stock had hit a high of Rs 273.90 and a low of Rs 246.70 so far during the day. The stock hit a 52-week high of Rs 384.13 on 25 April 2017. The stock hit a 52-week low of Rs 246.70 on 31 July 2017.
The stock had underperformed the market over the past one month till 28 July 2017, rising 1.79% compared with 4.71% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 21.27% as against Sensex's 7.99% rise. The scrip had also underperformed the market in past one year, falling 20.12% as against Sensex's 15.18% rise.
The mid-cap company has equity capital of Rs 6.65 crore. Face value per share is Re 1.
Kitex Garments is currently the second largest producer of children's apparel in the world. It caters to conglomerates in USA and Europe.
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