Monte Carlo advances after strong Q1 results

Monte Carlo Fashions rose 2.39% to Rs 478.65 at 12:19 IST on BSE after net profit spurted 60.8% to Rs 5.21 crore on 12% decrease in net sales to Rs 66.06 crore in Q1 June 2017 over Q1 June 2016.

The result was announced after market hours on Friday, 18 August 2017.

Meanwhile, the S&P BSE Sensex was down 65.21 points, or 0.21% at 31,459.47. The S&P BSE Small-Cap index was down 10.62 points, or 0.07% at 15,607.33.

On the BSE, 1,354 shares were traded on the counter so far as against the average daily volumes of 9,684 shares in the past one quarter. The stock had hit a high of Rs 484 and a low of Rs 474.30 so far during the day. The stock had hit a record high of Rs 640.10 on 11 July 2017 and a 52-week low of Rs 370 on 17 February 2017.

The stock had underperformed the market over the past one month till 18 August 2017, declining 16.26% compared with the Sensex's 0.59% fall. The scrip had, however, outperformed the market over the past one quarter advancing 4.06% as against the Sensex's 3.58% rise. The scrip had, however, underperformed the market over the past one year advancing 2.51% as against the Sensex's 12.09% rise.

The small-cap company has equity capital of Rs 21.73 crore. Face value per share is Rs 10.

Monte Carlo Fashions is engaged in manufacturing of all types of textile garments and clothing accessories.

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