Filatex India declines on profit booking

Filatex India fell 2.71% to Rs 141.95 at 10:38 IST on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P BSE Sensex was down 142.90 points, or 0.48% at 29,645.45. The S&P BSE Small-cap index was down 126.60 points, 0.85 % at 14,798.27.

On the BSE, 29,000 shares were traded on the counter so far as against the average daily volumes of 1.37 lakh shares in the past one quarter. The stock had hit a high of Rs 147.60 and a low of Rs 139 so far during the day.

The stock had hit a 52-week high of Rs 149.30 on 10 April 2017 and a 52-week low of Rs 38 on 8 April 2016. The stock had outperformed the market over the past one month till 11 April 2017, advancing 26.48% compared with the Sensex's 2.91% rise. The scrip had also outperformed the market over the past one quarter advancing 103.34% as against the Sensex's 9.76% rise.

The small-cap company has equity capital of Rs 43.50 crore. Face value per share is Rs 10.

Filatex India had rallied 27.48% in the preceding eight trading sessions to settle at Rs 145.90 yesterday, 11 April 2017, from its closing of Rs 114.45 on 29 March 2017.

Filatex India's net profit rose 25.4% to Rs 7.20 crore on 22.7% increase in net sales to Rs 366.59 crore in Q3 December 2016 over Q3 December 2015.

Filatex India is engaged in manufacture and trading of synthetic yarn and textiles. It manufactures polyester and polypropylene multifilament yarn, and polyester chips.

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