Super Tannery surges on setting record date for stock split

Super Tannery India surged 8.02% to Rs 43.10 at 11:18 IST on BSE on setting record date for a 5-for-1 stock split.

The stock hit a high of Rs 43.85 and a low of Rs 42.50 so far during the day. The stock had a 52-week high of Rs 82.90 on 31 December 2007 and a 52-week low of Rs 31.35 on 12 July 2007.

The company’s current equity is Rs 3.60 crore. Face value per share is Rs 10.

The current price of Rs 43.10 discounts its Q3 December 2007 annualized EPS of Rs 9.16, by a PE multiple of 4.71.

Super Tannery India has fixed 28 March 2008 as the record date for 5-for-1 stock split. The company announced the record date during trading hours today, 14 March 2008.

Super Tannery India’s net profit rose 2.5% to Rs 0.82 crore on 5.8% fall in net sales to Rs 54 crore in Q3 December 2007 over Q3 December 2006.

Super Tannery India is engaged in manufacturing and marketing leather chrome, soles, garments, shoe uppers, shoes and other leather related products.