Bombay Rayon slips after declaring lockout at Dodaballapur mill unit

Bombay Rayon Fashions fell 1.04% to Rs 196 at 9:47 IST on BSE after the company said it has declared a lock-out at its mill division located at Dodaballapur in Bangalore.

The company made the announcement after market hours on Wednesday, 19 March 2014.

Meanwhile, the BSE Sensex was down 34.77 points, or 0.16%, to 21,798.09.

On BSE, so far 1.10 lakh shares were traded in the counter, compared with an average volume of 21,693 shares in the past one quarter.

The stock hit a high of Rs 215.50 and a low of Rs 193.80 so far during the day. The stock hit a 52-week high of Rs 259.90 on 26 March 2013. The stock hit a 52-week low of Rs 151.55 on 2 January 2014.

The stock had underperformed the market over the past one month till 19 March 2014, rising 1.02% compared with the Sensex's 5.36% rise. The scrip had, however, outperformed the market in past one quarter, rising 10.64% as against Sensex's 5.43% rise.

The small-cap company has an equity capital of Rs 134.60 crore. Face value per share is Rs 10.

Bombay Rayon Fashions reported net loss of Rs 21.47 crore in Q3 December 2013 as against net profit of Rs 47.20 crore in Q3 December 2012. Sales rose 0.51% to Rs 822.92 crore in Q3 December 2013 over Q3 December 2012.

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

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