Monday, July 28, 2008

Micro Technologies on blockbuster Q1 earnings

Micro Technologies India surged 6.40% to Rs 233.15 at 10:21 IST on BSE after the company reported 65.50% spurt in net profit to Rs 17.44 crore on 67.40% increase in net sales to Rs 57.76 crore in Q1 June 2008 over Q1 June 2007.
The company declared results after market hours on Friday, 25 July 2008
The stock hit a high of Rs 238 and a low of Rs 225 so far during the day. The stock had a 52-week high of Rs 385 on 2 January 2008 and a 52-week low of Rs 177.10 on 24 March 2008.
The company’s current equity is Rs 10.98 crore. Face value per share is Rs 10.
The current price of Rs 233.15 discounts its Q1 June 2008 annualised EPS of Rs 63.53, by a PE multiple of 3.66.
Micro Technologies India provides information technology (IT) solutions. The services of the company include system integration, software services and products, technical services, E commerce and Internet services.

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