Campus Activewear stock crash above 11 percent net profit declines q2 ipo launch in April detail – Business News India

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Sports shoes manufacturing company Campus Activewear’s investors did not fare well on Friday. On the last trading day of the week, the share of Campus Activewear fell by 11 percent. At the end of the trading session, Campus Activewear shares were at 469.40 rupees on the BSE index. A 10.30% decline in the share price was recorded compared to the previous day.

Please let us know that Campus Activewear’s IPO was launched in April. At the same time, it was listed in the stock market in May.

reason for decline: Campus Activewear has released its September quarter results. Campus Activewear’s net profit fell 48.51% to Rs 14.54 crore in the quarter ended September 2022, compared to Rs 28.24 crore in the quarter ended September 2021. Sales in the quarter ended September 2022 increased by 22.04% to 333.17 crore rupees, which was 273 crore rupees in the same period a year ago.

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The IPO came in May: Campus Activewear had set a price band of Rs 278 to Rs 292 per share for the IPO. On 19 October 2022, the share price was at 640 rupees, which is the highest level yet. At the same time, on 20 June 2022, the share price was at 296.85 rupees, which is at an all-time low.

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