Vyapar Industries surges on buyback plan

Vyapar Industries advanced 3.43% to Rs 153.80 at 10:28 IST on BSE after the company said its board will meet on 14 July 2008 to consider buy back of equity shares.

The company made this announcement before trading hours today, 7 July 2008.

The stock hit a high of Rs 157 and a low of Rs 152.55 so far during the day. The stock had a 52-week high of Rs 237 on 19 February 2008 and a 52-week low of Rs 91 on 23 August 2007.

The company has an equity capital of Rs 10.90 crore. Face value per share is Rs 10.

Vyapar Industries reported a net loss of Rs 2.21 crore in Q4 March 2008 as compared to net profit of Rs 0.55 crore in Q4 March 2007. Net sales rose 90.5% to Rs 5.01 crore in Q4 March 2008 over Q4 March 2007.

The company is engaged in manufacturing and marketing yarn. The company operates in four segments namely toy products, textile, assesories and crystal.