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Shares of Zodiac Clothing slipped to 1 month lows

Shailendra BhatnagarAug 12, 2015, 16:08 IST

Zodiac Clothing Company, a premium end outfitter for men, fell to a 1-month low after sales slumped.

Zodiac reported first quarter net loss of 5.3 crore rupees compared with a profit of 4.1 crore rupees in the same quarter a year ago. Sales during April-June fell 13 percent to 87.1 crores versus 99 crores.

As a consequence, Zodiac plunged 27 rupees, or 8.4 percent, to 295 rupees, its lowest since July 7th on the National Stock Exchange.

Zodiac's market capitalisation has slipped 23 percent in one year to 614 crore rupees.

Image credit: Indiatimes