Kewal Kiran Clothing jumps after strong Q4 earnings

The Q4 result was announced after market hours on Saturday, 11 May 2013.

Meanwhile, the S&P BSE Sensex was down 171.25 points or 0.85% at 19,951.07.

On BSE, 1,763 shares were traded in the counter as against average daily volume of 978 shares in the past one quarter.

The stock hit a high of Rs 779 and a low of Rs 727 so far during the day. The stock had hit a 52-week high of Rs 779.95 on 6 December 2012. The stock had hit a 52-week low of Rs 490 on 30 July 2012.

The stock had underperformed the market over the past one month till 11 May 2013, rising 3.61% compared with the Sensex's 8.52% rally. The scrip had also underperformed the market in past one quarter, rising 0.57% as against Sensex's 3.4% gain.

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

Kewal Kiran Clothing's net profit rose 2.5% to Rs 53.42 crore on 0.1% growth in net sales to Rs 300.52 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

Kewal Kiran Clothing's board of directors at a meeting held on Saturday, 11 May 2013, recommended final dividend of Re 1 per share for FY 2013.

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

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