Thursday, March 13, 2008

Flawless Diamond shines on export order

Flawless Diamond India gained 0.75% to Rs 67.60 at 10:17 IST on BSE after the company said it has received an export order worth Rs 38 crore from Madrid Impex FEZ, Dubai.

The company made this announcement before trading hours today, 13 March 2008.

On BSE, 5,775 shares were traded in the counter. The scrip had an average daily volume of 22,818 shares in the past one quarter.

The stock hit a high of Rs 81 and a low of Rs 65 so far during the day. The stock had a 52-week high of Rs 144 on 17 December 2007 and a 52-week low of Rs 53.10 on 10 March 2008.

The company’s current equity is Rs 16.68 crore. Face value per share is Rs 10.

The current price of Rs 67.60 discounts its Q3 December 2007 annualized EPS of Rs 16.07, by a PE multiple of 4.21.

Flawless Diamond India’s net profit rose 133.4% to Rs 6.70 crore on 64% growth in net sales to Rs 141.64 crore in Q3 December 2007 over Q3 December 2006.

The company is engaged in manufacturing and marketing cut and polished diamonds and rough diamonds.

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