Gremach Infrastructure Equipments & Projects rose 1.86% to Rs 74 at 9:55 IST on BSE after the company received approval from the Ministry of Commerce & Industry for setting up a special economic zone for metal sector at Gadhinglaz, Maharashtra.
The company made this announcement after trading hours on Thursday, 28 August 2008.
The stock hit a high of Rs 74 and a low of Rs 74 so far during the day. The stock had hit a 52-week high of Rs 504 on 8 January 2008 and a 52-week low of Rs 72.65 on 28 August 2008.
The company has an equity capital of Rs 15.22 crore. Face value per share is Rs 10.
The current price of Rs 74 discounts its Q1 June 2008 annualised EPS of Rs 31.88, by a PE multiple of 2.32.
Gremach Infrastructure’s net profit surged 198.8% to Rs 12.13 crore on 194.6% increase in net sales to Rs 102.36 crore in Q1 June 2008 over Q1 June 2007.
Gremach Infrastructure Equipments & Projects is engaged in the business of equipment hiring and manufacture of lam coke, refractory and SAW pipes.
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