Wednesday, May 7, 2008

Dollex Industries setting record date for stock split

Dollex Industries was locked in 5% upper limit at Rs 43.45 at 12:06 IST on BSE after the company fixed 20 May 2008 as record date for its 2-for-1 stock split.

On BSE, 22,790 shares were traded in the counter. The scrip had an average daily volume of 21,644 shares in the past one quarter.

The stock hit a high and low of Rs 43.45 so far during the day. The stock had a 52-week high of Rs 149 on 27 June 2007 and a 52-week low of Rs 25.50 on 25 March 2008.

The company’s current equity is Rs 7.44 crore. Face value per share is Rs 10.

The current price of Rs 43.45 discounts its Q4 March 2007 annualised EPS of Rs 1.18, by a PE multiple of 36.82.

Dollex Industries’ net profit declined 80.9% to Rs 0.22 crore on 39.2% fall in net sales to Rs 9.78 crore in Q4 March 2008 over Q4 March 2007.

The company is engaged in manufacturing extra neutral alcohol (ENA), ethanol & its by products.

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