Saturday, May 24, 2008

Shasun Chemicals & Drugs spurts on high volumes

Shasun Chemicals & Drugs jumped 4.48% to Rs 59.45 at 12:21 IST on BSE on renewed buying interest.

The stock hit a high of Rs 61.40 and a low of Rs 57.70 so far during the day. The stock had a 52-week high of Rs 157 on 22 June 2007 and a 52-week low of Rs 37.05 on 24 March 2008.

The small-cap drug maker has an equity capital of Rs 9.66 crore. Face value per share is Rs 2.

The current price of Rs 59.45 discounts its Q3 December 2007 annualised EPS of Rs 4.86, by a PE multiple of 12.23.

The net profit of Shasun Chemicals and Drugs fell 41.5% to Rs 5.86 crore on 25.5% rise in sales to Rs 123.19 crore in Q3 December 2007 over Q3 December 2006.

Shasun Chemicals & Drugs manufactures and supplies active pharmaceutical ingredients, intermediaries and formulations.

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