Koutons Retail India inched up 0.74% to Rs 794 at 10:08 IST on BSE on reports Azim Premji, chairman and majority owner of Wipro, has picked up 2% stake in the company for Rs 20 crore.
The stock hit a high of Rs 826 and a low of Rs 792.20 so far during the day. The stock had a 52-week high of Rs 1098 on
The mid-cap apparel retail company has an equity capital of Rs 30.55 crore. Face value per share is Rs 10.
The current price of Rs 794 discounts its Q3 December 2007 EPS of Rs 49.71, by a PE multiple of 15.97.
According to reports, Premji picked up about 3 lakh shares of Koutons from the secondary market, through his private equity fund PremjiInvest.
The news report quoted Ajay Mahajan, chief financial officer of Koutons Retail who confirmed the stake purchase by Premji.
Koutons Retail reported a net profit of Rs 12.20 crore on sales of Rs 173.10 crore in Q3 December 2007.
Koutons Retail India (Koutons) designs, manufactures and retails apparels. Its products are market under the 'Kouton' and `Charlie Outlaw' brands through its exclusive brand outlets (EBOs) across
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