New listing…Brand House Retail loses altitude
The company was launched as a subsidiary of S Kumars and was later demerged as a separate entity. Brand House Retail Limited (BRHL), a subsidiary of S Kumars Nationwide Limited started trading on the exchanges on Friday. The company was launched as a subsidiary of S Kumars and was later demerged as a separate entity.
After starting off with smart gains, the stock however was unable to hold on to its gains and has plunged sharply. At 11:47am (IST), the stock has plummeted by over 79% at Rs21.9 from its high of Rs106 and recorded volumes of over 4.9mn shares on NSE.
BHRL sets up and manages exclusive brand outlets for the following brands; Reid & Taylor, Belmonte, Stephens Brothers, Carmichael House and leading international luxury brands like Escada and Alfred Dunhill.
Shares of S Kumars Nationwide are trading higher by 8% to Rs19.6, after hitting an intra-day high of Rs19.8 and a low of Rs17.5 and has recorded volumes of over 6mn shares on NSE.
source: Indiainfoline
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