Nitin Spinners lost 3.78% to Rs 72.55 at 14:53 IST on BSE, with the stock falling on profit booking after gaining 37.46% in prior two trading days.
Meanwhile, the S&P BSE Sensex was up 89.06 points or 0.32% at 27,893.43
On BSE, so far 4.13 lakh shares were traded in the counter as against average daily volume of 1.28 lakh shares in the past one quarter.
The stock hit a record high of Rs 76.75 in intraday trade today, 24 June 2015. The stock hit a low of Rs 70.10 so far during the day. The stock had hit a 52-week low of Rs 20.05 on 14 July 2014.
The stock had outperformed the market over the past one month till 23 June 2015, surging 65.17% compared with 0.55% fall in the Sensex. The scrip also outperformed the market in past one quarter, jumping 161.81% as against Sensex's 1.38% fall.
The small-cap company has equity capital of Rs 45.83 crore. Face value per share is Rs 10.
Shares of Nitin Spinners had gained 37.46% in two trading days to settle at Rs 75.40 yesterday, 23 June 2015 from a recent low of Rs 54.85 on 19 June 2015.
Reliance Wealth Management bought 4.58 lakh shares in Nitin Spinners at an average price of Rs 73.04 per share in a bulk deal on NSE yesterday, 23 June 2015.
Nitin Spinners' net profit surged 43.3% to Rs 12.31 crore on 54.3% growth in net sales to Rs 188.10 crore in Q4 March 2015 over Q4 March 2014.
Nitin Spinners is engaged in the textiles business. The company's range of products are used to manufacture products, such as apparel and garments, under garments, terry towels, woven fabrics, home furnishings, carpets, denim, industrial textiles, medical textiles and socks.
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