Sunday, August 31, 2008

Hinduja Foundries on a roll

Hinduja Foundries was locked at upper limit of 5% to Rs 196.75 at 14:46 IST on BSE, extending gains for the fourth trading session in a row.
The stock hit a high of Rs 196.75 and a low of Rs 194.45 so far during the day. The stock had a 52-week high of Rs 314.90 on 8 January 2008 and a 52-week low of Rs 122 on 19 March 2008.
The scrip has risen 15.73% in the past four trading sessions from Rs 170 on 25 August 2008.
The small-cap iron and aluminum castings maker has an equity capital of Rs 18.68 crore. Face value per share is Rs 10.
The current price of Rs 196.75 discounts its Q1 June 2008 annualised EPS of Rs 9.79, by a PE multiple of 20.09.
Hinduja Foundries’ net profit rose 11.7% to Rs 4.57 crore on a 19.8% rise in sales to Rs 125.20 crore in Q1 June 2008 over Q1 June 2007.
Hinduja Foundries manufactures metal castings for the automobile industries in India. The company's products includes grey iron, aluminium gravity die, casting for automobile, industrial engine, power generator, tractors as well as defence applications.

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