Chowgule Steamships hit 5% upper circuit at Rs 38.90 on BSE after Chowgule Ports & Infrastructure, a company co-promoted by Chowgule Steamships, signed an agreement with Maharashtra Maritime Board (MMB) for development of a minor port at Jaigad.
The stock hit a high of Rs 38.90 also a low for the day. The stock had a 52-week high of Rs 104.55 on
The company’s current equity is Rs 36.31 crore. Face value per share is Rs 10.
The current price of Rs 38.90 discounts Q3 December 2007 annualised EPS of Rs 1.05 by a PE multiple of 37.04.
Chowgule Steamships' net profit rose 43.9% to Rs 0.95 crore on 110.1% rise in sales to Rs 21.98 crore in Q3 December 2007 over Q3 December 2006.
Chowgule Ports & Infrastructure, a company co-promoted by Chowgule Steamships, is a special purpose vehicle (SPV) floated to undertake the port infrastructure development and ship repair projects at Jaigad.
Chowgule Steamships' main business is owning and chartering vessels and providing shipping services such as manning ships, fixing vessels, taking ships on bareboat charter and other activities connected with shipping.
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