KDDL gained 1.46% to Rs 200.95 at 12:00 IST on BSE after the company announced that its subsidiary-Ethos has launched a new store with effect from 25 June 2017 at Seawoods, Railway Station, Navi Mumbai.
The announcement was made after market hours yesterday, 18 July 2017.Meanwhile, the S&P BSE Sensex was up 167.90 points or 0.53% at 31,878.89. Meanwhile, the S&P BSE Small-Cap index was up 151.12 points or 0.96% at 15,968.72.
On the BSE, 28 shares were traded on the counter so far as against the average daily volumes of 2,533 shares in the past one quarter. The stock had hit a high of Rs 202 and a low of Rs 200.95 so far during the day. The stock had hit a 52-week high of Rs 294.50 on 10 August 2016 and a 52-week low of Rs 171.90 on 28 March 2017.
The stock had dropped 3.99% in three sessions to settle at Rs 198.05 yesterday, 18 July 2017 from a close of Rs 206.30 on 13 July 2017.
The stock had underperformed the market over the past one month till 18 July 2017, gaining 0.46% compared with Sensex's 2.11% gains. The scrip had also underperformed the market in past one quarter, falling 6.8% as against Sensex's 8.16% rise. The scrip had also underperformed the market in past one year, declining 1% as against Sensex's 14.29% rise.
The small-cap company has equity capital of Rs 10.84 crore. Face value per share is Rs 10.
KDDL said that the total number of stores as on date is 36 only.
KDDL reported consolidated net loss of Rs 1.34 crore in Q4 March 2017 compared with net loss of Rs 3.09 crore in Q4 March 2016. Net sales fell 3.2% to Rs 103.30 crore in Q4 March 2017 over Q4 March 2016.
KDDL is a diverse company focusing on luxury retail watches and precision engineering. It has established India's largest retail chain for premium and luxury watches-Ethos and SUMMIT. It is a global supplier of high quality watch components. Its precision stamping division offers high precision pressed components and tooling solution for a wide range of engineering applications.
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