Saturday, May 24, 2008

Core Projects & Technologies gains on good Q4 results

Core Projects & Technologies rose 2.07% to Rs 219.90 at 9:55 IST on BSE after the firm reported a 29.23% rise in net profit to Rs 13.88 crore on a 0.42% decline in sales to Rs 51.63 crore in Q4 March 2008 over Q3 December 2007.

The stock hit a high of Rs 219.90 and a low of Rs 215 so far during the day. The stock had a 52-week high of Rs 464.40 on 28 December 2007 and a 52-week low of Rs 116.60 on 25 May 2007.

The mid-cap information technology solutions provider has an equity capital of Rs 16.59 crore. Face value per share is Rs 2.

The current price of Rs 219.90 discounts its Q4 March 2008 annualised EPS of Rs 6.69, by a PE multiple of 32.86.

Core Projects & Technologies is into IT business with special focus in verticals like healthcare, education, and government.

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