Kewal Kiran Clothing drops after weak Q3 numbers

Kewal Kiran Clothing lost 3.04% to Rs 1,114 at 15:19 IST on BSE after net profit declined 11.5% to Rs 10.62 crore on 12.4% growth in net sales to Rs 86.28 crore in Q3 December 2013 over Q3 December 2012.

The Q3 result was announced after market hours on Friday, 24 January 2014.

Meanwhile, the S&P BSE Sensex was down 425.27 points or 2.01% at 20,708.29.

On BSE, so far 1,056 shares were traded in the counter as against average daily volume of 1,579 shares in the past one quarter.

The stock hit a high of Rs 1,118.95 and a low of Rs 1,069.90 so far during the day. The stock had hit a 52-week low of Rs 660 on 1 March 2013. The stock had hit a record high of Rs 1,234.70 on 13 January 2014.

The stock had outperformed the market over the past one month till 24 January 2014, advancing 0.76% compared with the Sensex's 0.48% rise. The scrip had also outperformed the market in past one quarter, surging 19.01% as against Sensex's 1.97% rise.

The small-cap company has equity capital of Rs 12.33 crore. Face value per share is Rs 10.

Kewal Kiran Clothing is engaged in the business of manufacturing and marketing of apparels & trading of lifestyle accessories/products.

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