TBZ corrects on profit booking

Tribhovandas Bhimji Zaveri fell 4.90% to Rs 112.60 at 14:08 IST on BSE on profit booking after a recent rally.

Meanwhile, the S&P BSE Sensex was down 263.26 points, or 0.83% to 31,628.97.

On the BSE, 1.69 lakh shares were traded in the counter so far, compared with average daily volumes of 1.02 lakh shares in the past one quarter. The stock had hit a high of Rs 118.55 and a low of Rs 110.80 so far during the day. The stock hit a 52-week high of Rs 122 on 1 September 2017. The stock hit a 52-week low of Rs 56.10 on 26 December 2016.

The stock had outperformed the market over the past one month till 1 September 2017, rising 10.76% compared with 1.07% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 27.38% as against Sensex's 1.98% rise. The scrip had also outperformed the market in past one year, rising 74.12% as against Sensex's 11.78% rise.

The small-cap company has equity capital of Rs 66.73 crore. Face value per share is Rs 10.

Shares of Tribhovandas Bhimji Zaveri (TBZ) rose 13.19% in three trading sessions to settle at Rs 118.40 Friday, 1 September 2017, from its close of Rs 104.60 on 29 August 2017.

Net profit of TBZ rose 159.11% to Rs 5.83 crore on 37.21% rise in net sales to Rs 443.90 crore in Q1 June 2017 over Q1 June 2016.

TBZ sells gold and diamond studded jewellery through retail outlets.

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