Nitin Fire Protection Industries gained 3.06% to Rs 455 at 10:13 IST on BSE after the company said on Friday, 4 April 2008, it has acquired 40% stake in Dubai based fire protection company New Age Company LLC.
The stock hit a high of Rs 464.90 and a low of Rs 455 so far during the day. The stock had a 52-week high of Rs 666.90 on
The company’s current equity is Rs 12.60 crore. Face value per share is Rs 10.
The current price of Rs 455 discounts its Q3 December 2007 annualized EPS of Rs 9.14, by a PE multiple of 49.78.
Nitin Fire Protection Industries’ net profit rose 100% to Rs 2.88 crore on 19.5% fall in net sales to Rs 7.16 crore in Q3 December 2007 over Q3 December 2006.
New Age Company LLC is a professional fire protection engineering company providing equipments. It provides fire protection system, fire detection system, emergency lighting system and water mist fire protection system.
Mumbai-based Nitin Fire Protection Industries is a leading end-to-end solution provider for fire protection, safety and security with capabilities in manufacturing, designing, engineering, commissioning and maintenance.
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