Tuesday, April 15, 2008

GVK Power & Infrastructure trips

GVK Power & Infrastructure declined 1.35% to Rs 43.85 at 14:23 IST on BSE on reports the company plans to hive off its energy vertical into a separate company, ahead of a possible initial public offering for the proposed company.

The stock hit a high of Rs 44.80 and a low of Rs 43.15 so far during the day. The stock had a 52-week high of Rs 93.50 on 6 December 2007 and a 52-week low of Rs 31.50 on 26 April 2007.

The company’s current equity is Rs 140.58 crore. Face value per share is Rs 1.

The current price of Rs 43.85 discounts its Q3 December 2007 EPS of Rs 10.12, by a PE multiple of 4.33.

GVK Power and Infrastructure’s net profit rose 3286.7% to Rs 35.56 crore on 46.2% growth in net sales to Rs 3.80 crore in Q3 December 2007 over Q3 December 2006.

The company's principal activity is to operate power plants.

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