Bombay Rayon Fashions edges lower after reverse turnaround in Q2

Bombay Rayon Fashions declined 1.44% to Rs 140.30 at 12:25 IST on BSE after the company reported net loss of Rs 53.56 crore in Q2 September 2016 compared with net profit of Rs 20.69 crore in Q2 September 2015.

The result was announced after market hours yesterday, 13 December 2016.

Meanwhile, the BSE Sensex was down 37.51 points, or 0.14%, to 26,660.31.

On the BSE, 653 shares were traded in the counter so far, compared with an average volume of 5,086 shares in the past one quarter. The stock had hit a high of Rs 142 and a low of Rs 139.70 so far during the day. The stock had hit a 52-week low of Rs 129 on 26 April 2016. The stock had hit a 52-week high of Rs 198 on 1 August 2016.

The stock had outperformed the market over the past 30 days till 13 December 2016, rising 1.03% compared with 0.45% decline in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 10.61% as against Sensex's 5.84% decline.

The small-cap company has an equity capital of Rs 183 crore. Face value per share is Rs 10.

Bombay Rayon Fashions' net total income from operations fell 1.18% to Rs 981.63 crore in Q2 September 2016 over Q2 September 2015.

Bombay Rayon Fashions is engaged in manufacturing textiles consisting of fabrics and garments.

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