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Wearology shares mount by 9.97 percent
By siliconindia
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Tuesday, 21 June 2011, 23:39 IST
100.00, the stock touched the day's high of 115.30, before closing the day at 115.30. The previous close price was 104.85. Through the day 5.20 million shares were traded in the market with the current P/E ratio of 32.20. The company recommended a dividend of 1.50 per share (15 percent) per equity share of 10 each for the year ended March 31, 2011. The 52 week stock chart is on the left
Poddar Developers, currently operating under the brand name Wearology operates in two segments: Garments and Realties. Garments segment comprises export of the goods and trading in textiles and also providing services to its subsidiaries towards merchandising and documentations, and Realty segment comprises land bank and land development rights and construction of housing project. On March 16, 2010, the Company launched its Housing Project, Samruddhi Complex.
The Project is located at Bhivpuri, near Karjat in the Raigad District of Maharashtra. This Project comprises one room kitchen, one bed room hall kitchen and two bedroom hall kitchen, totaling approximately 1,200 flats. As of March 31, 2010, it had sold over 600 one room kitchen and one bedroom hall kitchen flats. Its subsidiaries include Wearology FZC, Wearology LLC, Makara Real Estate, Poddar Habitat, Poddar Leisure Infrastructure and Poddar Infrastructure.
