Indian Terrain Fashions is a subsidiary of Celebrity Fashion Limited. The securities of Indian Terrain Fashions Limited got listed on Stock Exchange on 11th Mar 2011. Indian Terrain is Celebrity Fashions’s men’s apparel brand.
On listing day, the shares of Indian Terrain Fashions Limited got open at Rs 40 per share and then gone high to Rs 92.60. At the end of the day shares are settled at Rs 83.75 on BSE.
Potential fund raising was the reason for demerger of Indian Terrain Fashions Limited. For FY11, the company has given sales guidance of Rs 120 crore and FY11 EPS target is at Rs 12. FY12 sales expected at Rs 150 Crore. The company is planning to open 30 more outlets in next 12 months.
Share’s Data :-
BSE Code : 533329
Mkt. Cap : Rs 46.90 Crores
Indian Terrain Fashions Ltd. share’s CMP is Rs 83.75 on 11th Mar 2011.
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