Adhunik Metaliks rose 2.55% to Rs 179 at 12:11 IST on BSE after its board approved initial public offer of the company's 100% subsidiary viz. Orissa Manganese & Minerals.
The stock hit a high of Rs 183 and a low of Rs 167.50 so far during the day. The stock had a 52-week high of Rs 253 on
The company’s current equity is Rs 91.23 crore. Face value per share is Rs 10.
The current price of Rs 179 discounts its Q4 March 2008 annualised EPS of Rs 9.6, by a PE multiple of 18.64.
Adhunik Metaliks' net profit rose 1.5% to Rs 21.9 crore on 65.9% rise in sales to Rs 311.92 crore in Q4 March 2008 over Q4 March 2007.
Adhunik Metaliks is part of the Adhunik group, promoted by the Kolkata-based Agarwal family. Its product portfolio includes sponge iron, pig iron and alloy billets.
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