Videocon Industries gained 1.76% to Rs 408.50 at 10:59 IST on BSE on reports it plans a major consumer electronics retail foray across West Asia, Europe, Africa and Latin America to raise global revenue shares from the current 2% to 50% by 2011.
The stock hit a high of Rs 415.50 and a low of Rs 405.55 so far during the day. The stock had a 52-week high of Rs 868.65 on
The mid-cap diversified firm has an equity capital of Rs 229.45 crore. Face value per share is Rs 10.
The current price of Rs 408.50 discounts its Q4 March 2008 annualised EPS of Rs 43.82, by a PE multiple of 9.32.
Few days back, the Videocon stock was in demand boosted by reports the firm is venturing into mobile phone handsets manufacturing business. The handsets will be manufactured at its new plant in Kashipur, Uttaranchal, the reports had suggested.
The net profit of Videocon Industries rose 8.6% to Rs 251.22 crore on a 16.8% rise in sales to Rs 2514.91 crore in Q4 March 2008 over Q4 March 2007.
Videocon Industries' principal activity is to manufacture and market consumer electronics and home appliances. The company also has interest in segments like crude oil and natural gas.
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