Anant Raj Industries jumped 9.35% to Rs 148.50 at 12:01 IST on BSE after the company said a Bahrain realty fund acquired a minority stake in its subsidiary Anant Raj Projects for Rs 216.38 crore.
The company made this announcement during trading hours today,
The stock hit a high of Rs 153.55 and a low of Rs 146.05 so far during the day. The stock had a 52-week high of Rs 394.95 on
The company has an equity capital of Rs 59.02 crore. Face value per share is Rs 2.
The current price of Rs 148.50 discounts its Q4 March 2008 annualised EPS of Rs 31.62, by a PE multiple of 4.70.
In February 2008, Anant Raj Industries got approval from the Ministry of Commerce, Government of India for developing an information technology special economic zone in 25 acres at Rai, Haryana.
Anant Raj Industries’ net profit rose 20731.2% to Rs 233.31 crore on 2258.4% increase in net sales to Rs 215.32 crore in Q4 March 2008 over Q4 March 2007.
The company constructs and invests in residential buildings, commercial complex and hospitality sector. It also manufactures and supplies plain and printed floor and wall tiles in various sizes.
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