Triton Corp hardens on setting record date for stock split

Triton Corp hardens on setting record date for stock split
Triton Corp gained 3.91% to Rs 27.90 at 11:15 IST on BSE, on setting record date for a 2-for-1 stock split.
The company made this announcement during trading hours today, 7 February 2008.
Meanwhile, BSE Sensex was up 6.17 points or 0.03% to 18,145.66.
On BSE, 18,249 shares were traded in the counter. The scrip had an average daily volume of 2.24 lakh shares in the past one quarter.
The stock hit a high of Rs 28.15 and a low of Rs 27.50 so far during the day. The stock had a 52-week high of Rs 50 on 13 April 2007 and a 52-week low of Rs 15.95 on 2 August 2007.
The small-cap scrip had underperformed the market over the past one month till 6 February 2008, declining 20.33% compared to the Sensex’s decline of 13.10%. It had outperformed the market in the past one quarter, declining 4.79% compared to Sensex’s decline of 4.82%.
The company’s current equity is Rs 19.99 crore. Face value per share is Rs 2.
The current price of Rs 27.90 discounts its Q3 December 2007 annualized EPS of Rs 2.59, by a PE multiple of 10.77.
The company has fixed 25 February 2008 as the record date for a 2-for-1 stock split.
Triton Corp’s net profit rose 11.6% to Rs 6.47 crore on 37.08% growth in net sales to Rs 42.59 crore in Q3 December 2007 over Q2 September 2007.
The net profit rose 10.4% to Rs 6.47 crore on 176.4% growth in net sales to Rs 42.59 crore in Q3 December 2007 over Q3 December 2006.
The company provides information technology (IT) and IT enabled services and trading. The group undertakes business process outsourcing (BPO) services in the name Saffron Global. It provides services in the United Kingdom and the United States of America.