Binani Cement gained 2.15% to Rs 68.90 at 10:15 IST on BSE after the company said its wholly owned subsidiary Mukundan Holdings, has proposed to acquire 49% of the paid up capital of Binani Cement Factory LLC, Dubai, UAE..
The company made this announcement after trading hours on
On BSE, 1,100 shares were traded in the counter. The scrip had an average daily volume of 1.15 lakh shares in the past one quarter.
The stock hit a high of Rs 69.30 and a low of Rs 68.65 so far during the day. The stock had a 52-week high of Rs 130 on
The company’s current equity is Rs 203.10 crore. Face value per share is Rs 10.
The current price of Rs 68.90 discounts its Q3 December 2007 annualized EPS of Rs 10.63, by a PE multiple of 6.48.
Binani Cement’s net profit rose 209.2% to RS 53.95 on 41% growth in net sales to Rs 233.31 in Q3 December 2007 over Q3 December 2006.
The company is engaged in manufacturing and marketing cement and non-ferrous metal. The group operates in three segments: cement, zinc and by-products and glass fibre.
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