Surana Telecom & Power rose 1.07% to Rs 37.75 at 12:30 IST on BSE after its board approved buyback of shares at a price not exceeding Rs 50 and for an amount not exceeding Rs 6 crore.
The stock hit a high of Rs 39.25 and a low of Rs 35.70 so far during the day. The stock had a 52-week high of Rs 52.50 on
The company’s current equity is Rs 11.3 crore. Face value per share is Rs 5.
The current price of Rs 37.75 discounts its Q3 December 2007 EPS of Rs 4.11, by a PE multiple of 9.18.
The number of shares to be bought back shall not be more than 18 lakh equity shares.
Surana Telecom & Power' s net profit declined 7.9% to Rs 2.32 crore on 26.5% fall in net sales to Rs 15.37 crore in Q3 December 2007 over Q3 December 2006.
The company is engaged in manufacturing heat-shrinkable jointing kits, cable splicing/filling compounds, jelly filled telecommunication cables, wire connectors, end caps, modular connectors and high-density polyethylene (HDPE) pipe.
No comments:
Post a Comment