Talwalkars gains 2.47% in two days

Talwalkars Better Value Fitness rose 1.16% to Rs 252.90 at 10:53 IST on BSE, with the stock extending yesterday's gain triggered by the company's announcement of entering into an agreement to acquire strategic stake in Inshape Health and Fitnez.

Meanwhile, the BSE Sensex was up 91.47 points, or 0.36%, to 25,851.57

On BSE, so far 3,341 shares were traded in the counter, compared with an average volume of 26,944 shares in the past one quarter.

The stock hit a high of Rs 255 and a low of Rs 251.40 so far during the day. The stock hit a record high of Rs 409.80 on 17 March 2015. The stock hit a 52-week low of Rs 216 on 25 August 2015.

The stock had outperformed the market over the past one month till 16 November 2015, rising 1.09% compared with Sensex's 5.34% fall. The scrip had also outperformed the market in past one quarter, falling 6.86% as against Sensex's 8.22% drop.

The small-cap company has equity capital of Rs 29.70 crore. Face value per share is Rs 10.

Shares of Talwalkars Better Value Fitness (TBVF) had gained 1.3% to Rs 250 yesterday, 16 November 2015 after the company announced entering into an agreement to acquire strategic stake in Inshape Health and Fitnez (IHPL), a health and fitness center having operations in Chennai. The investment into IHPL will enable the company to further strengthen presence in a fitness conscious Chennai market, TBVF said. The partnership combines TBVF's strong hold in the fitness industry in India with IHPL's expertise in the local industry and market knowledge, the company said. The stock gained 2.47% in two trading days from a recent low of Rs 246.80 on 13 November 2015.

On consolidated basis, TBVF's net profit rose 25.2% to Rs 24.63 crore on 9.9% rise in net sales to Rs 82.23 crore in Q2 September 2015 over Q2 September 2014.

TBVF is a leading chain of health and fitness centers in India.

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