Ashapura Intimates Fashion surges on unveiling new brand

The share prices of Ashapura Intimates Fashion shot up by over 4% on BSE during Friday’s trading session.

Sep 22, 2017 11:09 IST India Infoline News Service

The share prices of Ashapura Intimates Fashion shot up by over 4% on BSE during Friday’s trading session. The company in a filing to the bourses announced on Friday that it will be introducing a new brand for men, boys and toddlers under the name of Tricci. The company has strongly established its loungewear and sleep wear brand Valentine in India, the filing added.   

The stock of Ashapura Intimates hit its record high for the second consecutive day on Friday, surging by over 4% to Rs 499 per share on the BSE. The stock touched an intraday low of Rs 461.45 per share on BSE on Friday. It had hit its 52-week low of Rs 336 per share on September 29, 2016.   

At 1045 hours, the stock was trading at Rs 491 per share, up by 2.56% on the BSE on Friday. The stock recorded a total trade volume of 80,670 shares and trade value of Rs 395.22 lakh on NSE on September 22. Meanwhile, NSE Nifty 50 was trading at 10,022.30 level, down by 99.60 points or 0.98% and S&P BSE Sensex was trading at 32,116.97 level, down by 253.07 points or 0.78% on Friday.   

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