Satra Properties India jumped 10.10% to Rs 80.70 at 14:34 IST on BSE after the company said it has acquired a prime property in Jodhpur, Rajasthan for building a shopping mall, which would generate a revenue of around Rs 133.78 crore.
The company made this announcement during trading hours today,
The stock hit a high of Rs 83.50 and a low of Rs 72 so far during the day. The stock had a 52-week high of Rs 114 on
The company’s current equity is Rs 31.07 crore. Face value per share is Rs 2.
The current price of Rs 80.70 discounts its Q3 December 2007 EPS of Rs 12.97, by a PE multiple of 6.22.
Satra Properties India’s net profit rose 769.9% to Rs 16.79 crore on 262.5% growth in net sales to Rs 57.16 crore in Q3 December 2007 over Q3 December 2006.
The project is to be executed within a period of 18 to 20 months.
The company is engaged in developing commercial, retail, hotel and residential properties. The properties include shopping malls, luxurious apartments and star hotels.
No comments:
Post a Comment