Geometric hardens after property sale

Geometric gained 1.62% to Rs 65.70 at 10:32 IST on BSE after the company said it has sold one of its properties located in Pune, for Rs 29.50 crore.

The stock hit a high of Rs 67.45 and a low of Rs 65.05 so far during the day. The stock had a 52-week high of Rs 133 on 22 May 2007 and a 52-week low of Rs 42 on 24 March 2008.

The company’s current equity is Rs 12.42 crore. Face value per share is Rs 2.

The current price of Rs 65.70 discounts its Q4 March 2008 EPS of Rs 3.75, by a PE multiple of 17.52.

Geometric’s net profit rose 290.60% to Rs 5.82 crore on 3.95% growth in net sales to Rs 45.76 crore in Q4 March 2008 over Q3 December 2007.

The company's principal activity is to provide innovative software services and products.