Bhagyanagar India advanced 13.78% to Rs 44.60 at 11:48 IST on BSE after the company said it has scheduled a board meet on 22 April 2008 to consider buy back of equity shares.
The stock hit a high of Rs 44.95 and a low of Rs 39 so far during the day. The stock had a 52-week high of Rs 79.50 on 2 January 2008 and a 52-week low of Rs 35 on 17 October 2007.
The company’s current equity is Rs 14.90 crore. Face value per share is Rs 2.
The current price of Rs 44.60 discounts its Q3 December 2007 EPS of Rs 5.04, by a PE multiple of 8.85.
Bhagyanagar India’s net profit rose 36.3% to Rs 9.38 crore on 36.8% growth to Rs 64.76 crore in Q3 December 2007 over Q3 December 2006.
Bhagyanagar India is a part of the Surana group, is engaged in the business of metals, cables, compounds, real estate and wind power.
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