Martin Burn surged 9.97% to Rs 48 at 15:06 IST on BSE after the company said it is negotiating with various parties for acquisition of about 36 to 40 acres of land at Rajarhat, Kolkata.
The company made this announcement during trading hours today,
The stock hit a high of Rs 48 and a low of Rs 42 so far during the day. The stock had a 52-week high of Rs 188 on
The company’s current equity is Rs 4.78 crore. Face value per share is Rs 10. The current price of Rs 48 discounts its Q3 December 2007 EPS of Rs 17, by a PE multiple of 2.82.
Martin Burn’s net profit declined 30.7% to Rs 1.87 crore on 95.5% fall in net sales to Rs 0.20 crore in Q3 December 2007 over Q3 December 2006.
The company is engaged in constructing commercial and institutional buildings.
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