Thursday, July 24, 2008

United Phosphorous jumps on liberal bonus issue

United Phosphorous rose 2.9% to Rs 319.80 at 14:06 IST on BSE on robust Q1 result and 1:1 bonus issue
The company announced the result and bonus issue during trading hours today, 24 July 2008.
The stock hit a high of Rs 348 and a low of Rs 313 so far during the day. The stock had a 52-week high of Rs 425 on 10 January 2008 and a 52-week low of Rs 228 on 19 March 2008.
The company has an equity capital of Rs 43.93 crore. Face value per share is Rs 2.
The current price of Rs 319.80 discounts its Q4 March 2008 annualised EPS of Rs 10.84, by a PE multiple of 29.5.
The company reported 57.9% rise in net profit to Rs 46.63 crore on 54.26% rise in total income to Rs 553.67 crore in Q1 June 2008 over Q1 June 2007.
The board of the company also approved a bonus issue in the ratio of one equity share of the company of Rs 2 each for every share held.
United Phosphorous is the largest Indian agrochemical player and among the top five generic players globally in this industry. It is engaged in research, manufacture and distribution of agrochemicals and specialty chemicals across the globe.

No comments: