Usha Martin rose 5.04% to Rs 97 at 14:51 IST on BSE after company’s net profit rose 28.6% to Rs 50.53 crore on 34.84% rise in net sales to Rs 672.5 crore in Q4 March 2008 over Q4 March 2007.
The stock hit a high of Rs 100.50 and a low of Rs 94 so far during the day. The stock had a 52-week high of Rs 154.50 on
The company’s current equity is Rs 25.02 crore. Face value per share is Rs 1.
The current price of Rs 97 discounts its Q3 December 2007 annualised EPS of Rs 5.17, by a PE multiple of 18.76.
Usha Martin is engaged in manufacturing and marketing steel wire rods and wire and wire ropes.
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