Indo Count Share Price surged almost 7% Today
Indo Count is one of the specialized end-to-end bedding providers and is exclusively focused on creating all-inclusive sleep experiences.It is among Top 3 Bedsheet Supllier & 11th largest supplier of Home Textiles to USA and 2nd largest manufacturer/exporter of Bed Linen from India. It is also amongst top 3 Bed sheets exporter to USA and 11th largest supplier of Home Textiles to USA.
The enthusiasm and global vision of the Company have allowed it to enter 49 markets with the aim of continuing to add more every year. It is also the favored partner for some of the best-known retail, hospitality and fashion brands in the world. The company has gained from the weakening Rupee as it exports its product as well. Indo Count is in the Textiles sector, having a market cap of Rs. 3,091.25 crores. It has reported the sales of Rs. 576.34 crores and a net profit of Rs. 62.72 crores for the quarter ended September 2016.
Today, Indo count share price surged almost 7 per cent at NSE to trade at the so far intraday high of Rs. 167.40. The stock had opened at the price of Rs. 157.10, a tad higher than its previous close of Rs. 156.60.
According to the shareholding pattern of the company on September 30th 2016, promoters own a total of 58.94 per cent stakes. Among it, Indian Promoters own 27.53 per cent, lower than the stakes of foreign promoters amounting to 31.41 per cent shares. Institutions own 16.75 per cent shares and non-institutions hold 24.30 per cent stake.
At 12:23 PM, Indo Count share price was trading at Rs. 162.20, up by 3.58 per cent as compared to the 0.22 per cent rise in the Benchmark Index Nifty. So far, approximately 10.5 lakh shares have changed hands over the NSE trading counter. The highest quantity of the shares was traded at the low of Rs. 143 on 28th November while the highest number of deliverable quantity came at the low of Rs. 148 on 11th November 2016.
The company has received the Credit Rating of “A” for long-term bank facilities and “A1” for short term bank facilities by CARE and ICRA. It ranked 235 in profit amongst India’s top 500 companies by profit Dun & Bradstreet. Indo Count is also 4th amongst Top 20 Multi Baggers during the last 10 years (Business Line dated 11.1.2016). Highest Wealth Creators in 2015–677% Fortune India — January 2016. Investment in Indo Count shares grows from ` 1 lac to ` 72 lac — In 5 years. The Companies Chairman & Managing Director is one amongst India’s Best 100 CEO’s 2015. The company had received Silver Trophy from TEXPROCIL for the 2nd highest exports of made-ups in Bed Line/Bed Sheets/Quilts under Category III for 2014–15. FIEO, Western Region has conferred Export Excellence Award in the Top Exporter — Non MSME Trading House Category to the company.