Thursday, August 7, 2008

KLG Systel on overseas initiative

KLG Systel gained 2.61% to Rs 436.05 at 13:59 IST on BSE after the company said it has set up an office in Singapore to market its power solutions in South East Asia, China and Australia.
The company made this announcement during trading hours today, 7 August 2008.
The stock hit a high of Rs 450 and a low of Rs 415.05 so far during the day. The stock had hit a 52-week high of Rs 1020 on 4 January 2008 and a 52-week low of Rs 292 on 16 July 2008.
The company has an equity capital of Rs 12.62 crore. Face value per share is Rs 10.
The current price of Rs 436.05 discounts its Q1 June 2008 annualised EPS of Rs 41.08, by a PE multiple of 10.61.
In May 2008, KLG Systel received orders worth Rs 47 crore.
KLG Systel’s net profit fell 7.69% to Rs 12.96 crore on 24.89% fall in net sales to Rs 57.49 crore in Q1 June 2008 over Q4 March 2008.
The company provides information technology solutions and IT enabled services.

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