Visa Steel gained 2.71% to Rs 60.65 at 14:01 IST on BSE on reporting 3129% surge in net profit to Rs 20.99 crore on 78% increase in total income to Rs 259.66 crore in Q4 March 2008 over Q4 March 2007.
The stock hit a high of Rs 61.80 and a low of Rs 58.55 so far during the day. The stock had a 52-week high of Rs 65.65 on
The company’s current equity is Rs 110.24 crore. Face value per share is Rs 10.
The current price of Rs 60.65 discounts its Q3 December 2007 annualised EPS of Rs 4.94, by a PE multiple of 12.28.
Visa Steel’s net profit rose 110% to Rs 43.15 crore on 27% growth in total income to Rs 682.81 crore in the year ended March 2008 (FY 2008) over the year ended March 2007 (FY 2007).
The company manufactures pig iron and chrome concentrates. The group operates in two segments namely manufacturing and trading. The manufacturing facilities are in Kalinganagar and Golagoan in Orissa.
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