Revathi Equipment surged 3.13% to Rs 1225 at 10:58 IST on BSE after the company said on Thursday, 8 May 2008 it has acquired 70% in the equity capital of Semac, a Bangalore based company for a consideration of Rs 45.50 crore.
The stock hit a high of Rs 1225 and a low of Rs 1225 so far during the day. The stock had a 52-week high of Rs 1684.35 on
The company’s current equity is Rs 3.07 crore. Face value per share is Rs 10.
The current price of Rs 1225 discounts its Q3 December 2007 annualised EPS of Rs 41.69, by a PE multiple of 29.38.
Semac is engaged in providing engineering design solutions for industrial/commercial and infrastructure construction.
Revathi Equipment’s net profit rose 19.4% to Rs 3.20 crore on 25.9% increase in net sales to Rs 32.91 crore in Q3 December 2007 over Q3 December 2006.
The company is engaged in construction and mining. The company operates in four segments: construction & mining, specialty chemicals, engineering design services and power.
No comments:
Post a Comment