J B Chemicals in demand

J B Chemicals & Pharmaceuticals jumped 4.26% to Rs 51.45 at 12:16 IST on BSE ahead of the company's board meet on share buy-back due later in the day.

The scrip had touched a high of Rs 52.25 and a low of Rs 50 so far during the day. The stock had hit a 52-week high of Rs 101.70 on 2 January 2008 and a 52-week low of Rs 31.80 on 24 March 2008.

The small-cap pharmaceuticals firm has an equity capital of Rs 16.87 crore. Face value per share is Rs 2.

At the current price of Rs 51.45, the scrip trades at a PE multiple of 10.16, based on Q3 December 2007 annualised EPS of Rs 5.06.

J B Chemicals & Pharmaceuticals’ net profit declined 45.30% to Rs 10.67 crore on 2.90% rise in net sales to Rs 139.02 crore in Q3 December 2007 over Q3 December 2006.

J B Chemicals & Pharmaceuticals manufactures basic chemicals, petrochemicals, pharmaceuticals, photographic chemicals and agro-based products.