Moser Baer (India) rose 5.07% to Rs 173.15 at 11:36 IST on BSE, extending yesterday's gains on renewed buying interest.
The scrip had touched a high of Rs 174.90 and a low of Rs 166.50 so far during the day. The stock had hit a 52-week high of Rs 344.80 on 3 January 2008 and a 52-week low of Rs 119.45 on 24 March 2008.
The mid-cap optical disks maker has an equity capital of Rs 168.23 crore. Face value per share is Rs 10.
Moser Baer (India) reported a net loss of Rs 20.45 crore in Q3 December 2007 as compared to net profit of Rs 37.62 crore in Q3 December 2006. Net sales rose 2% to Rs 511.66 crore in Q3 December 2007 over Q3 December 2006.
According to some reports on Tuesday, 8 April 2008, the company expects its optical media business to see a turnaround this year. Besides that, Moser Baer expects its optical media business — which currently contributes almost 100% of its revenues — to comprise only a third of its revenues three to five years down the line.
Its subsidiaries — Moser Baer Home Entertainment and Moser Baer Photo Voltaic (MBPV) — on the other hand, are expected to contribute a major chunk of its revenues by 2011-12.
Earlier on 3 April 2008, Moser Baer said its unit has signed a 10-year contract with China-based LDK Solar Co for the supply of silicon wafers for producing photovoltaic cells. In a BSE filing, Moser Baer said NYSE-listed LDK Solar would supply Moser Baer Photo Voltaic (MBPV) multi-crystalline silicon wafers that can generate 640 mega watts of solar power.
The company manufactures storage media for data applications and audio/video applications. It is India's second largest manufacturer of IT & entertainment peripherals in terms of sales.
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