Hot Pursuit     20-Feb-18
Kaya rises after fund buying
Kaya rose 2.46% to Rs 953 at 11:38 IST on BSE after portfolio management clients of Equity Intelligence India and EQ India Fund acquired stake in the company.
The company made the disclosure after market hours yesterday, 19 February 2018.

Meanwhile, the S&P BSE Sensex was up 71.20 points, or 0.21% to 33,845.86.

On the BSE, 5,347 shares were traded in the counter so far compared with average daily volumes of 7,717 shares in the past one quarter. The stock had hit a high of Rs 981.40 and a low of Rs 950 so far during the day. The stock hit a 52-week high of Rs 1,262 on 16 January 2018. The stock hit a 52-week low of Rs 711 on 23 March 2017.

The stock had underperformed the market over the past 30 days till 19 February 2018, falling 15.07% compared with 4.89% fall in the Sensex. The scrip had outperformed the market in past one quarter, rising 2.12% as against Sensex's 0.89% rise. The scrip had outperformed the market in past one year, rising 19.76% as against Sensex's 17.84% rise.

The small-cap company has equity capital of Rs 13.03 crore. Face value per share is Rs 10.

Portfolio management clients of Equity Intelligence India and EQ India Fund, which are controlled by well known investor Porinju Veliyath, acquired 13,350 shares (representing 0.10% of total paid up equity) of Kaya, as per disclosure available on the exchange. Shares were acquired from the open market on 19 February 2018.

On a consolidated basis, Kaya reported net loss of Rs 3.88 crore in Q3 December 2017 as against net loss of Rs 10.70 crore in Q3 December 2016. Net sales rose 3.36% to Rs 100.33 crore in Q3 December 2017 over Q3 December 2016.

Kaya provides holistic skincare solutions through Kaya Skin Clinic and its retail format store Kaya Skin Bar and their e-commerce offering.

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