Palred Tech surges after launching new earphones

Palred Technologies surged 16.24% to Rs 108.10 at 14:08 IST on BSE after the company said it has launched Boom 4DSports Earphones to enhance listening experience of millennials and Gen Z with exceptional sound quality.

The announcement was made after market hours yesterday, 11 January 2018.

Meanwhile, the S&P BSE Sensex was up 43 points or 0.12% at 34,546.49. The S&P BSE Small-Cap index was unchanged at 19,983.92, underperforming the Sensex.

High volumes were witnessed on the counter. On the BSE, 58,051 shares were traded on the counter so far as against the average daily volumes of 2,766 shares in the past one quarter. The stock had hit a high of Rs 111.60 and a low of Rs 93.95 so far during the day. The stock had hit a 52-week high of Rs 181.80 on 24 March 2017. The stock had hit a 52-week low of Rs 84.05 on 9 August 2017.

The stock had outperformed the market over the past one month till 11 January 2018, gaining 3.51% compared with the Sensex's 3.13% rise. The stock had, however, underperformed the market over the past one quarter, dropping 9.71% as against the Sensex's 8.39% rise. The scrip had also underperformed the market over the past one year, declining 19.9% as against the Sensex's 27.13% rise.

The small-cap company has equity capital of Rs 9.73 crore. Face value per share is Rs 10.

Palred Technologies said that its subsidiary Palred Online Technologies has come up with ergonomically designed earphones that snugly fit into ears. The high-quality output of dual drivers would make people want to keep the earphones on, all day long.

PTron has launched Boom 4DSports Earphones to enhance listening experience of millennials and Gen Z with exceptional sound quality. The in-ear stereo earphones incorporate a host of other engineering refinements too. The earplugs are ergonomically designed to fit into the ear and keep the users comfortable even as they enjoy music for extended durations of time.

Latest as they are with technology, PTron Boom 4D earphones are high on fashion as well. With three vibrant color combinations-red/black, gold/black & silver/white -consumers can pick one that suits their style statement.

Launched on LatestOne.com, the PTron Boom 4DSports Earphones are available at introductory price of Rs 699. It can also be ordered on e-commerce platforms such as Flipkart & Amazon alongside LatestOne.com.

On a consolidated basis, Palred Technologies reported net loss of Rs 1.81 crore in Q2 September 2017 compared to net loss of Rs 2.11 crore in Q1 June 2017. Net sales rose 14.29% to Rs 11.83 crore in Q2 September 2017 over Q1 June 2017.

Palred Technologies was earlier known as Four Soft Technologies is a logistics and transportation software product company.

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