Pudumjee Agro Industries spurts on setting record date for stock split

Pudumjee Agro Industries spurts on setting record date for stock split

Pudumjee Agro Industries was locked at 5% upper limit of Rs 146.70 at 12:09 IST on BSE, on setting record date for a 5-for-1 stock split.

Meanwhile, BSE Sensex was up 136.61 points or 0.78% to 17,754.21, on positive cues from the global markets. Asian stocks rose today as Wall Street steadied overnight, helped by strong quarterly earnings and the prospect of lower interest rates.

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

The stock hit a high of Rs 146.70 and low of Rs 146.70 so far during the day. The stock had a 52-week high of Rs 420.10 on 9 January 2008 and a 52-week low of Rs 24.90 on 6 March 2007.

The small-cap scrip had underperformed the market over the past one month till 20 February 2008, declining 44.61% compared to the Sensex’s return of 5.31%. It had outperformed the market in the past one quarter, gaining 53.40% compared to Sensex’s decline of 4.91%.

The company’s current equity is Rs 3.60 crore. Face value per share is Rs 10.

The current price of Rs 146.70 discounts its Q3 December 2007 annualized EPS of Rs 10.89, by a PE multiple of 13.47.

Pudumjee Agro Industries has fixed 18 March 2008 as the record date for a 5-for-1 stock split. The company announced the record date during trading hours today, 21 February 2008.

Pudumjee Agro Industries’ net profit rose 476.5% to Rs 0.98 crore on 12% growth in net sales to Rs 21.70 crore in Q3 December 2007 over Q3 December 2006.

The company manufactures a wide range of paper.