Temptation Foods spurted 4.21% to Rs 183 at 12:00 IST on BSE on reports the firm plans to raise about Rs 799 crore through convertible bonds by next month for purchasing two companies.
The scrip had touched a high of Rs 184.35 and a low of Rs 179.30 so far during the day. The stock had hit a 52-week high of Rs 262.50 on
The small-cap food-processing firm has an equity capital of Rs 25.14 crore. Face value per share is Rs 10.
At the current price of Rs 183, the scrip trades at a PE multiple of 8.77, based on Q3 December 2007 annualised EPS of Rs 20.86.
The net profit of Temptation Foods rose 843.2% to Rs 13.11 crore on 2181.2% rise in sales to Rs 254.37 crore in Q3 December 2007 over Q3 December 2006.
According to reports, the company is currently exploring opportunities of strengthening its presence pan-India and the firm is also aiming at minimising its input costs.
Temptation Foods was set up in 1991 on the outskirts of Pune, for individual quick frozen (IQF) processing of fruits and vegetables.
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