Indo Count Industries gains as board to consider stock-split proposal

Indo Count Industries rose 1.41% to Rs 944.80 at 9:51 IST on BSE after the company scheduled a board meeting today, 23 August 2016, to consider sub-division of equity shares.

The announcement was made after market hours yesterday, 22 August 2016.

Meanwhile, the S&P BSE Sensex was down 21.41 points, or 0.08%, to 27,964.13

On BSE, so far 2,922 shares were traded in the counter, compared with average daily volume of 12,494 shares in the past one quarter. The stock hit a high of Rs 945.05 and a low of Rs 932.50 so far during the day. The stock hit a record high of Rs 1,248.45 on 8 February 2016. The stock hit a 52-week low of Rs 720 on 8 September 2015. The stock had outperformed the market over the past 30 days till 22 August 2016, rising 4.79% compared with 0.66% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, gaining 3.83% as against Sensex's 10.59% rise.

The mid-cap company has an equity capital of Rs 39.48 crore. Face value per share is Rs 10.

Indo Count Industries announces its Q1 June 2016 results today, 23 August 2016. The company's net profit rose 135.39% to Rs 65.98 crore on 14.02% rise in net sales to Rs 506.83 crore in Q4 March 2016 over Q4 March 2015.

Indo Count Industries is a specialized end-to-end bedding provider. The company makes bed sheet sets, pillow cases, duvet covers, bed skirts, comforters and window covering, etc.

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