Aditya Birla Fashion advances after large bulk deal

Aditya Birla Fashion and Retail gained 2.8% to Rs 169 at 12:55 IST on BSE after a large bulk deal of 66.34 lakh shares was executed on the scrip at Rs 170.50 per share at 09:27 IST on BSE.

Meanwhile, the S&P BSE Sensex was down 37.20 points, or 0.13%, to 27,948.34

Bulk deal boosted volume on the scrip. On BSE, so far 71.10 lakh shares were traded in the counter, compared with an average daily volume of 1.56 lakh shares in the past one quarter. The stock hit a high of Rs 177.85 and a low of Rs 166.35 so far during the day. The stock hit a record high of Rs 263 on 1 January 2016. The stock hit a 52-week low of Rs 124 on 13 June 2016. The stock had outperformed the market over the past 30 days till 22 August 2016, gaining 16.43% compared with 0.66% rise in the Sensex. The scrip also outperformed the market in past one quarter, advancing 12.3% as against Sensex's 10.59% rise.

The large-cap company has an equity capital of Rs 768.84 crore. Face value per share is Rs 10.

Aditya Birla Fashion and Retail reported net loss of Rs 109.82 crore in Q4 March 2016, higher than net loss of Rs 63.78 crore in Q4 March 2015. Net sales rose 217.64% to Rs 1,430.99 crore in Q4 March 2016 over Q4 March 2015.

Aditya Birla Fashion and Retail is a premium clothing retail chain.

Powered by Capital Market - Live News