Gujarat Apollo Industries galloped 13.20% to Rs 199 at 11:20 IST on BSE after the company said its board has recommended issue of bonus shares in the ratio of 1:2.
The company made this announcement during trading hours today, 25 August 2008.
The stock hit a high of Rs 199 and a low of Rs 180.25 so far during the day. The stock had hit a 52-week high of Rs 399 on 2 January 2008 and a 52-week low of Rs 150 on 2 July 2008.
The company has an equity capital of Rs 10.50 crore. Face value per share is Rs 10.
The current price of Rs 199 discounts its Q1 June 2008 annualised EPS of Rs 19.05, by a PE multiple of 10.45.
Gujarat Apollo Industries’ net profit rose 25.9% to Rs 5 crore on 15.6% increase in net sales to Rs 41.38 crore in Q1 June 2008 over Q1 June 2007.
Gujarat Apollo Industries is a leading manufacturer of road construction and maintenance machinery.
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