Goldstone Infratech surged 6.27% to Rs 39 at 13:41 IST on BSE on reports the company is in talks with Korea based Jusung and TS Solar Power for setting up a solar power module manufacturing facility near Hyderabad in the state of Andhra Pradesh.
The stock hit a high of Rs 40.35 and a low of Rs 37 so far during the day. The stock had a 52-week high of Rs 69.60 on
The company’s current equity is Rs 8.41 crore. Face value per share is Rs 4.
The current price of Rs 39 discounts its Q3 December 2007 EPS of Rs 4.78, by a PE multiple of 8.16.
Goldstone Infratech’s net profit rose 364.8% to Rs 2.51 crore on 105.3% growth in net sales to Rs 10.49 crore in Q3 December 2007 over Q3 December 2006.
The total cost of the project is $65 million, of which $25 million will be equity and the rest debt. Goldstone Infratech will have majority equity by investing $15 million and the other two Korean based companies jointly will invest $10 million, report added.
Jusung and TS Solar Power are semiconductor and solar cell manufacturing companies based in
On
The company is engaged in manufacturing telecom cable closures and provides business process outsourcing (BPO) services and supplies composite insulators. The products include jelly filled telephone cable jointing and sub kits, composite polymer insulators and thermo weld filled heat shrinkable sleeves.
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