S Kumars climbs on plan to sell stake in Reid & Taylor

S Kumars Nationwide, a textile and apparel company in India, climbed on Monday after media reports said it plans to raise Rs 6 billion by selling shares of subsidiary, Reid & Taylor (R&T), through a qualified institutional placement (QIP). Further reports added that, the money raised will be used to pay off the company's debt. Shares ofthe companyare trading at Rs 9.27, up Rs 0.41, or 4.63% at the Bombay Stock Exchange (BSE) on Monday at 12:42 p.m.The scrip has touched an intra-day high of Rs 9.78 and low of Rs 9.15. The total volume of shares traded at the BSE is 728,895.In the earlier session, the shares lost 1.77%, or Rs 0.16, at Rs 8.86. Currently, the stock is trading down 75.35% from its 52-week high of Rs 37.60 and above 7.04% over the 52-week low of Rs 8.66.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 10.01 (1.15) (11.49) 1 Month 11.56 (2.70) (23.36) 3 Months 13.70 (4.84) (35.33) 6 Months 19.30 (10.44) (54.09) 1 Year 34.30 (25.44) (74.17) Note: Based on previous day closing price.