PSL gained 1.35% to Rs 345 at 9:56 IST on BSE after the company said its subsidiary PSL FZE, Sharjah, UAE has secured an order worth $45 million for supply of steel pipes.
The stock hit a high of Rs 345 and a low of Rs 344.95 so far during the day. The stock had a 52-week high of Rs 588 on
The company’s current equity is Rs 42.71 crore. Face value per share is Rs 10.
The current price of Rs 345 discounts its Q3 December 2007 annualised EPS of Rs 28.37, by a PE multiple of 12.16.
PSL’s net profit rose 45.1% to Rs 30.19 crore on 32.1% growth in net sales to Rs 659.05 in Q3 December 2007 over Q3 December 2006.
PSL manufactures pipes to meet requirements from all sectors, including oil and gas. Its mills are equipped with internal and external pipe-coating facilities to meet technical requirement of the oil, gas and water sectors in conformity with international specification. It has facilities at Kandla and Ahmedabad in
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