Karuturi Networks Multiple block deals

Karuturi Networks was down 2.60% to Rs 28.15 at 11:31 IST on BSE after a series of block deals were executed on the counter on BSE on 9th May-08

The stock hit a high of Rs 29.05 and a low of Rs 28.05 so far during the day. The stock had a 52-week high of Rs 44.15 on 9 January 2008 and a 52-week low of Rs 13.80 on 25 May 2007.

The company’s current equity is Rs 33.10 crore. Face value per share is Re 1.

The current price of Rs 28.15 discounts its Q4 March 2008 annualized EPS of Rs 0.33, by a PE multiple of 85.30.

Karuturi Networks’ net profit declined 31.80% to Rs 2.77 crore on 5.1% growth in net sales to Rs 11.22 crore in Q4 March 2008 over Q4 March 2007.

Bangalore-based Karuturi Networks is engaged in three businesses viz. floriculture, processing foods and information technology.