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KDDL drops after announcing store closure
12-Jan-18   10:51 Hrs IST

The announcement was made after market hours yesterday, 11 January 2018.

Meanwhile, the S&P BSE Sensex was up 80.40 points or 0.23% at 34,583.89. The S&P BSE Small-Cap index was up 135.75 points or 0.68% at 20,119.68.

On the BSE, 300 shares were traded on the counter so far as against the average daily volumes of 4,282 shares in the past one quarter. The stock had hit a high of Rs 333.05 and a low of Rs 333.05 so far during the day. The stock had hit a 52-week high of Rs 356.15 on 13 December 2017 and a 52-week low of Rs 171.90 on 28 March 2017.

The stock had outperformed the market over the past one month till 11 January 2018, rising 4.21% compared with the Sensex's 3.13% rise. The stock had also outperformed the market over the past one quarter, gaining 46.12% as against the Sensex's 8.39% rise. The scrip had also outperformed the market over the past one year, surging 69.25% as against the Sensex's 27.13% rise.

The small-cap company has equity capital of Rs 10.84 crore. Face value per share is Rs 10.

KDDL said that the total number of stores as on date is 40.

KDDL's consolidated net profit rose 250% to Rs 0.91 crore on 14.9% fall in net sales to Rs 100.73 crore in Q2 September 2017 over Q2 September 2016.

KDDL is one of the leading companies of India engaged in the manufacture of watch components, high quality precision stamped components and progressive tools for a wide range of engineering applications. KDDL also owns the largest retail chain of luxury watches in India through its subsidiary, Ethos.

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