Jai Balaji Industries rose 3.29% to Rs 245 at 10:10 IST on BSE after the company said it has signed a memorandum of understanding with the state government of Chhattisgarh for setting up an integrated steel plant in the state
The stock hit a high of Rs 249 and a low of Rs 242.15 so far during the day. The stock had hit a 52-week high of Rs 668 on 8 January 2008 and a 52-week low of Rs 163.10 on 27 August 2007.
The company has an equity capital of Rs 47.13 crore. Face value per share is Rs 10.
The current price of Rs 245 discounts its Q1 June 2008 annualised EPS of Rs 39.31, by a PE multiple of 6.23.
Jai Balaji Industries’ net profit gained 96.3% to Rs 46.30 crore on 88.8% increase in net sales to Rs 464.14 crore in Q1 June 2008 over Q1 June 2007.
The company's principal activity is to manufacture and sell sponge iron.
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