Wearology spurted 5% to Rs 136.90 at 13:08 IST on BSE after its board approved sale of its manufacturing unit at Rabale in Navi Mumbai including land, building and plant & machinery for an undisclosed amount.
The stock hit a high of Rs 136.90 and a low of Rs 129.10 so far during the day. The stock had a 52-week high of Rs 319.80 on
The small-cap garments exporter has an equity capital of Rs 5.20 crore. Face value per share is Rs 10.
The current price of Rs 136.90 discounts its Q4 March 2008 annualised EPS of Rs 179.35, by a PE multiple of 0.76.
The net profit of Wearology rose 18.2% to Rs 23.36 crore on 26.7% decline in sales to Rs 4.11 crore in Q4 March 2008 over Q4 March 2007.
Wearology is a recognised export house exporting fashion garments, bed linen fabric and industrial garments to the Middle-East,
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