SRF gained 3.60% of Rs 133.80 at 9:55 IST on BSE after the company said on Thursday, 17 April 2008, it has scheduled a board meet on 25 April 2008 to consider buy back of equity shares.
The stock hit a high of Rs 134.90 and a low of Rs 131.50 so far during the day. The stock had a 52-week high of Rs 207.40 on
The company’s current equity is Rs 67.89 crore. Face value per share is Rs 10.
The current price of Rs 133.80 discounts its Q3 December 2007 EPS of Rs 20.20, by a PE multiple of 6.62.
SRF’s net profit declined 51.1% to Rs 34.28 crore on 9.2% fall in net sales to Rs 408.81 crore in Q3 December 2007 over Q3 December 2006.
SRF is engaged in manufacturing nylon tyre cord fabric, industrial yarns, polyester films, belting and coated fabric, refrigerant gases and chloromethanes.
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