Relaxo Footwears scales record high

Relaxo Footwears surged 6.05% to Rs 943.85 at 15:20 IST on BSE, with the stock extending yesterday's gain triggered by the company fixing record date for the proposed issue of bonus shares.

Meanwhile, the BSE Sensex was up 149.97 points, or 0.54%, to 27,879.64

On BSE, so far 11,236 shares were traded in the counter, compared with an average volume of 9,318 shares in the past one quarter.

The stock hit a record high of Rs 953.45 in intraday trade today, 25 June 2015. The stock hit a low of Rs 887.50 so far during the day. 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 24 June 2015, rising 7.85% compared with 0.81% fall in the Sensex. The scrip also outperformed the market in past one quarter, gaining 36.98% as against Sensex's 1.53% fall.

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

Relaxo Footwears during trading hours yesterday, 24 June 2015 said that the company has fixed 2 July 2015 as a record date for the proposed bonus issue of shares. The company had last month received approval from its board and shareholders' for issuing one bonus share for one equity share held (1:1). The stock rose 0.12% to settle at Rs 890 yesterday, 24 June 2015.

Net profit of Relaxo Footwears rose 95.5% to Rs 42.68 crore on 18.1% rise in net sales to Rs 438.12 crore in Q4 March 2015 over Q4 March 2014.

Relaxo Footwears is a footwear maker.

Powered by Capital Market - Live News