Relaxo Footwears gains after fixing record date for bonus issue

Relaxo Footwears rose 1.92% to Rs 905.95 at 10:02 IST on BSE after the company said it fixed 2 July 2015 as a record date for the proposed bonus issue of shares.

The announcement was made during trading hours today, 24 June 2015.

Meanwhile, the BSE Sensex was up 99.14 points, or 0.36%, to 27,903.51.

On BSE, so far 526 shares were traded in the counter, compared with an average volume of 9,298 shares in the past one quarter.

The stock hit a high of Rs 915 and a low of Rs 900 so far during the day. The stock hit a record high of Rs 922.65 on 22 June 2015. The stock hit a 52-week low of Rs 366.05 on 8 July 2014.

The stock had outperformed the market over the past one month till 23 June 2015, rising 7.71% compared with 0.55% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 40.98% as against Sensex's 1.38% fall.

The mid-cap company has an equity capital of Rs 6 crore. Face value per share is Rs 1.

Relaxo Footwears had last month received approval from its board and shareholders' for issuing one bonus share for one equity share held (1:1).

Net profit of Relaxo Footwears rose 95.51% to Rs 42.68 crore on 18.13% rise in net sales to Rs 438.12 crore in Q4 March 2015 over Q4 March 2014.

Relaxo Footwears is a footwear maker.

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