Burnpur Cement strengthens

Burnpur Cement strengthens
Burnpur Cement jumped 18.31% to Rs 34.90 at 12:14 IST on BSE, on reports the company plans a foray into steel manufacturing business and has chalked out a plan to invest more than Rs 20,000 crore for the purpose.
Meanwhile, BSE Sensex was up 5.09 points or 0.03% to 18,144.58.
On BSE, 19.37 lakh shares were traded in the counter. The scrip had an average daily volume of 91.46 lakh shares in the past one quarter.
The stock hit a high of Rs 35.40 and a low of Rs 30.30 so far during the day. The stock had a 52-week high of Rs 55.60 on 4 January 2007 and a 52-week low of Rs 17.80 on 3 January 2008.
The small-cap scrip had underperformed the market over the past one month till 6 February 2008, declining 31.95% compared to the Sensex’s decline of 13.10%.
The company’s current equity is Rs 42.99 crore. Face value per share is Rs 10.
The current price of Rs 34.90 discounts its year ended March 2007 EPS of Rs 1.02, by a PE multiple of 34.22.
Burnpur Cement reported a profit after tax of Rs 1.14 crore on net sales of Rs 23.66 crore in the year ended March 2007.
Burnpur Cements manufactures portland slag cement at Asansol, West Bengal.