Nilkamal retreats sharply from record high on profit booking

Nilkamal lost 10% to Rs 1,391 at 11:51 IST on BSE on profit booking after gaining 12.62% in preceding three trading days to Rs 1,545.55 yesterday, 12 January 2016 from a recent low of Rs 1,372.30 on 7 January 2016.

Meanwhile, the BSE Sensex was down 112.45 points, or 0.46%, to 24,569.58

On BSE, so far 1.83 lakh shares were traded in the counter, compared with an average volume of 33,709 shares in the past one quarter.

The stock hit a high of Rs 1,631 so far during the day, which is also its record high. The stock hit a low of Rs 1,261.10 so far during the day. The stock hit a 52-week low of Rs 375 on 27 March 2015.

The stock had outperformed the market over the past one month till 12 January 2016, rising 55.88% compared with 1.45% decline in the Sensex. The scrip had also outperformed the market in past one quarter, surging 58.64% as against Sensex's 8.26% decline.

The small-cap company has an equity capital of Rs 14.92 crore. Face value per share is Rs 10.

Nilkamal's net profit jumped 276.3% to Rs 25.74 crore on 5.1% rise in net sales to Rs 479.05 crore in Q2 September 2015 over Q2 September 2014.

Nilkamal's core business consists of Material Handling Solutions, Moulded Furniture, Nilkamal Mattrezzz, Nilkamal Home Ideas, the Home Furnishing Store and @home, the mega home store retail chain.

Powered by Capital Market - Live News