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Aditya Birla Fashion and Retail rises on reporting around 4-fold jump in Q1 net profit

Aditya Birla Fashion and Retail rises on reporting around 4-fold jump in Q1 net profit

and Retail is currently trading at Rs. 201.00, up by 0.90 points or 0.4% from its previous closing of Rs. 200.10 on the BSE.

The scrip opened at Rs. 201.40 and has touched a high and low of Rs. 204.60 and Rs. 197.00 respectively. So far 17256 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 236.45 on 12-Mar-2019 and a 52 week low of Rs. 161.20 on 21-Sep-2018.

Last one week high and low of the scrip stood at Rs. 204.60 and Rs. 181.70 respectively. The current market cap of the company is Rs. 15477.81 crore.

The promoters holding in the company stood at 59.10%, while Institutions and Non-Institutions held 28.55% and 12.34% respectively.

Aditya Birla Fashion and Retail has reported around 4-fold jump in its net profit at Rs 21.56 crore for the quarter ended June 30, 2019 as compared to Rs 5.60 crore for the same quarter in the previous year. Total income of the company increased by 8.38% at Rs 2,082.97 crore for Q1FY20 as compared Rs 1,921.99 crore for the corresponding quarter previous year.

Aditya Birla Fashion and Retail is engaged in providing branded fashion apparels and accessories, and the retail sale of clothing, footwear and leather articles in stores. It operates through two segments: Madura Fashion & Lifestyle, and Pantaloons. The company’s brands include Louis Philippe, Van Heusen, Allen Solly and Peter England.

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