Lovable Lingerie has plunged 13% to Rs 366, extending the previous day’s 15% fall, on the back of huge volumes. The trading volumes on the counter jumped more than three-fold; as many as 3.3 million shares changed hands on the counter till 1205 hours, against an average sub-0.8 million shares traded daily in the past two weeks.
The country's leading women's innerwear manufacturers reported a net profit of Rs 4.60 crore for the quarter ended September 2011, compared to Rs 7 crore in the preceding quarter. Net sales decreased to Rs 35 crore from Rs 47 crore in the June 2011 quarter.
