Lovable Lingerie advances as Reliance Capital Trustee Co buys stake

Lovable Lingerie gained 3.28% to Rs 279 at 10:15 IST on BSE, after Reliance Capital Trustee Co bought 6.74 lakh shares of the company in a bulk deal yesterday, 8 June 2016.

Meanwhile, the S&P BSE Sensex was down 178.77 points or 0.66% at 26,841.89

On BSE, so far 39,500 shares were traded in the counter as against average daily volume of 16,430 shares in the past one quarter. The stock hit a high of Rs 283.70 and low of Rs 275 so far during the day. The stock had hit a 52-week low of Rs 205 on 23 November 2015. The stock had hit a 52-week high of Rs 324.30 on 4 August 2015.

The small-cap women inner-wear manufacturer has equity capital of Rs 16.80 crore. Face value per share is Rs 10.

Reliance Capital Trustee Co A/c MF bought 6.74 lakh shares at an average price of Rs 205 per share of Lovable Lingerie in a bulk deal on the BSE yesterday, 8 June 2016. Nalanda India Equity Fund sold 8 lakh shares at an average price of Rs 205.28 per share of Lovable Lingerie in a bulk deal on the BSE yesterday, 8 June 2016.

Lovable Lingerie's net profit rose 138.3% to Rs 3.17 crore on 41.3% rise in net sales to Rs 36.08 crore in Q4 March 2016 over Q4 March 2015.

Lovable Lingerie is one of India's leading women's innerwear manufacturers. The company's products include brassieres, panties, slips / camisoles, homewear, shapewear, foundation garments and sleepwear products.

Powered by Capital Market - Live News