A.K.Capital Services spurts

A.K.Capital Services spurts

A.K. Capital Services jumped 7.04% to Rs 380 at 13:09 IST on BSE, after the company said it helped Punjab & Sind Bank raise Rs 100 crore by way of unsecured redeemable non convertible subordinated tier II bonds through private placement route.

The company made this announcement during market hours today, 14 February 2008.

Meanwhile, BSE Sensex was up 682.53 points or 4.03% to 17,631.67, on strong cues from the global markets. Stocks rose across the globe as a surprise increase in US retail sales in January 2008 helped ease recession worries in the world's largest economy.

On BSE, 6,751 shares were traded in the counter. The scrip had an average daily volume of 7,584 shares in the past one quarter.

The stock hit a high of Rs 380 and a low of Rs 365 so far during the day. The stock had a 52-week high of Rs 514.85 on 8 January 2008 and a 52-week low of Rs 85.85 on 6 March 2007.

The small-cap scrip had underperformed the market over the past one month till 13 February 2008, declining 20.05% compared to the Sensex’s decline of 16.31%. It had outperformed the market in the past one quarter, gaining 16.01% compared to Sensex’s decline of 14.33%.

The company’s current equity is Rs 5.80 crore. Face value per share is Rs 10.

The current price of Rs 380 discounts its Q3 December 2007 annualized EPS of Rs 62.76, by a PE multiple of 6.05.

A.K. Capital Services’ net profit rose 137.6% to Rs 9.10 crore on 100.6% growth in operating income to Rs 26.38 crore in Q3 December 2007 over Q3 December 2006.

The company is engaged in providing fee-based services such as fund mobilization through issue of debt, equity and structured hybrid instruments and through loan syndication for various state and central undertakings, private and nationalized banks, financial institutions and private sector corporate.