Bliss GVS Pharma gains on setting record date for stock split

Bliss GVS Pharma gains on setting record date for stock split

Bliss GVS Pharma gained 1.10% to Rs 494.75 at 11:01 IST on BSE, on setting record date for a 10-for-1 stock split.

Meanwhile, BSE Sensex was down 280.42 points or 1.58% to 17,454.26, as US and Asian stock markets fell on heightened fears of a US recession.

On BSE, 1,306 shares were traded in the counter. The scrip had an average daily volume of 5,577 shares in the past one quarter.

The stock hit a high of Rs 505.10 and low of Rs 480.60 so far during the day. The stock had a 52-week high of Rs 785.85 on 18 January 2008 and a 52-week low of Rs 41.05 on 5 March 2007.

The small-cap scrip had underperformed the market over the past one month till 21 February 2008, declining 22.87% compared to the Sensex’s return of 0.80%. It had outperformed the market in the past one quarter, gaining 2.15% compared to Sensex’s decline of 5.93%.

The company’s current equity is Rs 6.31 crore. Face value per share is Rs 10.

The current price of Rs 494.75 discounts its Q3 December 2007 annualized EPS of Rs 52.61, by a PE multiple of 9.40.

Bliss GVS Pharma has fixed 18 March 2008 as the record date for a 10-for-1 stock split. The company announceed the record date during trading hours today, 22 February 2008.

In November 2007, Bliss GVS Pharma bagged an order worth Rs 25 crore for supplying anti-malarial drugs to African countries.

Bliss GVS Pharma’s net profit surged 5433.3% to Rs 8.30 crore on 2084.30% growth in sales to Rs 22.28 crore in Q3 December 2007 over Q3 December 2006.

The company operates in two segments, healthcare products and pharma products.