Bajaj Steel Industries rose 2.94% to Rs 162.95 at 13:37 IST on BSE after posting 1229.14% surge in net profit to Rs 3.15 crore on 14.16% fall in total income to Rs 34.75 crore in Q4 March 2008 over Q4 March 2007.
The stock hit a high of Rs 165 and a low of Rs 153.15 so far during the day. The stock had a 52-week high of Rs 234.25 on
The company’s current equity is Rs 2.20 crore. Face value per share is Rs 10.
The current price of Rs 162.95 discounts its Q3 December 2007 EPS of Rs 38.36, by a PE multiple of 4.25.
Bajaj Steel Industries’ net profit rose 177.24% to Rs 7.06 crore on 7.42% growth in net sales to Rs 189.48 crore in FY 2008 over FY 2007.
The company is engaged in manufacturing machines. It manufactures machines for preparing textile fabrics, cotton ginning machines and plastic articles for packing of goods.
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