Rana Sugars soared 5.85% to Rs 17.20 at 13:38 IST on BSE ahead of its board meeting later today to consider issuing global depository receipts and allotments of preferential warrants to the promoters.
The stock hit a high of Rs 18.30 and a low of Rs 16.05 so far during the day. The stock had a 52-week high of Rs 25 on
The small-cap sugar manufacturer has an equity capital of Rs 76.62 crore. Face value per share is Rs 10.
The current price of Rs 17.20 discounts its Q2 March 2008 annualised EPS of Rs 5.86, by a
PE multiple of 2.93.
The net profit of Rana Sugars surged 1574.6% to Rs 11.22 crore on a 14.2% rise in sales to Rs 59.01 crore in Q2 March 2008 over Q2 March 2007.
Rana Sugars, part of the Rana group, manufactures white crystal sugar for domestic use as well as for confectionery and pharmaceutical purposes.
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