KPR Mill lost 3.42% to Rs 105.95 at 15:01 IST on BSE after the company said that on Tuesday, 18 March 2014, an accident occurred at the company's processing unit situated at SIPCOT, Perundurai, Erode.
The announcement was made after market hours on Thursday, 20 March 2014.
Meanwhile, the S&P BSE Sensex was up 24.91 points or 0.11% at 21,765.
On BSE, 18,000 shares were traded in the counter as against average daily volume of 10,838 shares in the past one quarter.
The stock hit a high of Rs 112.50 and a low of Rs 105.35 so far during the day. The stock had hit a 52-week low of Rs 100.10 on 28 March 2013. The stock had hit a 52-week high of Rs 173 on 25 October 2013.
The company had underperformed the market over the past one month till 20 March 2014, sliding 7.43% compared with the Sensex's 5.86% rise. The scrip had also underperformed the market in past one quarter, declining 27.66% as against Sensex's 3.13% rise.
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The small-cap company has equity capital of Rs 37.68 crore. Face value per share is Rs 10.
KPR Mill said that at the company's processing unit situated at SIPCOT, Perundurai, Erode, an accident occurred on Tuesday, 18 March 2014. Consequently its activities have been temporarily discontinued. The company is taking adequate steps to restore its normalcy. However this will not have material impact on the overall performance of the company, KPR Mill said.
KPR Mill's consolidated net profit rose 2.8% to Rs 24.85 crore on 45.5% growth in net sales to Rs 556.38 crore in Q3 December 2013 over Q3 December 2012.
KPR Mill is engaged in manufacture of readymade knitted apparel, cotton knitted fabric and yarn in India.
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