RELAXO FOOTWEARS Plunges by 7%; BSE 500 Index Down 0.2%
June 20, 2019 09:22 AM

RELAXO FOOTWEARS share price has plunged 7% and is presently trading at Rs 777.

Meanwhile, the BSE 500 Index is at 15,072 (down 0.2%).

Among the top losers in the BSE 500 Index today are RELAXO FOOTWEARS (down 6.9%) and DILIP BUILDCON LTD (down 7.6%).

TRENT LTD (up 4.8%) and SYMPHONY (up 3.8%) are among the top gainers today.

Over the last one year, RELAXO FOOTWEARS has moved up from Rs 726 to Rs 777, registering a gain of Rs 51 (up 7.1%)..

The BSE 500 has moved up from 14,649 to 15,072, registering a gain of 423 points (up 2.9%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 148.6%), VINATI ORGANICS (up 110.7%) and BATA INDIA (up 69.5%).

What About the Benchmark Indices?

The BSE Sensex is at 39,043 (down 0.3%). The top gainers among the BSE Sensex stocks today are HERO MOTOCORP (up 1.3%). The most traded stocks in the BSE Sensex are HDFC and SBI.

In the meantime, NSE Nifty is at 11,672 (down 0.4%). INDIABULLS HOU. FIN. (up 1.8%) and POWER GRID (up 1.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,287 to 39,043, registering a gain of 3,756 points (up 10.5%).

RELAXO FOOTWEARS Financial Update...

RELAXO FOOTWEARS net profit stood at Rs 544 million for the quarter ended March 2019, compared to a profit of Rs 356 million a year ago. Net Sales rose 15.3% to Rs 6.4 billion during the period as against Rs 5.5 billion in January-March 2018.

For the year ended March 2018, RELAXO FOOTWEARS reported 34.3% increase in net profit to Rs 1.6 billion compared to net profit of Rs 1.2 billion during FY17.

Revenue of the company grew 18.9% to Rs 20 billion during FY18.

The current Price to earnings ratio of RELAXO FOOTWEARS, based on rolling 12 month earnings, stands at 53.3x.