Relaxo Footwears fell 3.99% to Rs 521.55 at 11:17 IST on BSE, with the stock sliding on profit booking after yesterday's rally.
Meanwhile, the S&P BSE Sensex was up 43.16 points, or 0.14% at 31,252.95. The S&P BSE Mid-Cap index was up 92.94 points, or 0.63% at 14,851.78.
High volumes were witnessed on the counter. On the BSE, 14,000 shares were traded on the counter so far as against the average daily volumes of 3,258 shares in the past one quarter. The stock had hit a high of Rs 534.90 and a low of Rs 520.40 so far during the day. The stock had hit a 52-week high of Rs 554.90 on 4 July 2017 and a 52-week low of Rs 373 on 9 November 2016.
The stock had outperformed the market over the past one month till 4 July 2017, advancing 15.34% compared with the Sensex's 0.2% fall. The scrip had also outperformed the market over the past one quarter advancing 9.03% as against the Sensex's 4.34% rise. The scrip had, however, underperformed the market over the past one year advancing 11.63% as against the Sensex's 14.41% rise.
The mid-cap company has equity capital of Rs 12.01 crore. Face value per share is Rs 1.
Shares of Relaxo Footwears had rallied 13.43% in the preceding one trading session to settle at Rs 543.25 yesterday, 4 July 2017, from its close of Rs 478.95 on 3 July 2017.
Relaxo Footwears' net profit rose 4.5% to Rs 34.30 crore on 2.8% increase in net sales to Rs 498.29 crore in Q4 March 2017 over Q4 March 2016.
Relaxo Footwears is a footwear maker.
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