Kewal Kiran Clothing slides after weak Q2 outcome

Kewal Kiran Clothing lost 2.4% to Rs 2,095 at 13:13 IST on BSE after net profit fell 0.6% to Rs 24.12 crore on 9.3% growth in net sales to Rs 141.05 crore in Q2 September 2015 over Q2 September 2014.

The Q2 result was announced on Saturday, 24 October 2015.

Meanwhile, the S&P BSE Sensex was down 59.42 points or 0.22% at 27,411.39.

On BSE, so far 228 shares were traded in the counter as against average daily volume of 975 shares in the past one quarter.

The stock hit a high of Rs 2,121.50 and a low of Rs 2,073 so far during the day. The stock had hit a 52-week low of Rs 1,650 on 5 November 2014. The stock had hit a record high of Rs 2,300 on 21 July 2015.

The stock had underperformed the market over the past one month till 23 October 2015, sliding 0.16% compared with Sensex's 6.38% rise. The scrip had, however, outperformed the market in past one quarter, declining 2.01% as against Sensex's 3.17% fall.

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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