Indian Terrain Fashions gains as Reliance MF buys shares

Indian Terrain Fashions was up 2.47% to Rs 205.30 at 10:27 IST on BSE after Reliance Mutual Fund bought shares of the company via bulk deals on the NSE yesterday, 25 April 2017.

Meanwhile, the S&P BSE Sensex was up 159.67 points or 0.53% at 30,102.91. The S&P BSE Small-Cap index was up 90.31 points or 0.59% at 15,470.20.

On the BSE, 62,000 shares were traded on the counter so far as against the average daily volumes of 9,759 shares in the past one quarter. The stock had hit a high of Rs 212 so far during the day, which is a record high. The stock hit a low of Rs 204 so far during the day.

The stock had hit a 52-week low of Rs 117.10 on 9 May 2016. It had outperformed the market over the past one month till 25 April 2017, surging 20.33% compared with the Sensex's 1.77% rise. The scrip had also outperformed the market over the past one quarter, gaining 30.86% as against the Sensex's 8.07% rise.

The small-cap company has equity capital of Rs 7.59 crore. Face value per share is Rs 2.

DSP Blackrock Mutual Fund sold 7 lakh shares of Indian Terrain Fashions at an average price of Rs 200 per share in bulk deals on the NSE yesterday, 25 April 2017. Reliance Mutual Fund A/C Reliance Equity Savings Fund purchased 2 lakh shares at Rs 199.78 per share. Reliance Mutual Fund A/C Small Cap Fund bought 4 lakh shares at Rs 199.78 a piece.

Indian Terrain Fashions' net profit fell 37.9% to Rs 5.62 crore on 23.8% growth in net sales to Rs 94.27 crore in Q3 December 2016 over Q3 December 2015.

Indian Terrain Fashions is engaged in the business of manufacture and sale of apparel.

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