Monday, August 11, 2008

SAAG RR hits the roof on large order win

SAAG RR Infra was locked at 5% upper limit at Rs 54.65 at 10:49 IST on BSE after the company said it has bagged an order worth Rs 280 crore from Oil & Natural Gas Corporation for hiring operations and maintenance of its rigs.
The stock hit a high of Rs 54.65 and a low of Rs 54.50 so far during the day. The stock had hit a 52-week high of Rs 71.10 on 6 May 2008 and a 52-week low of Rs 27.95 on 25 March 2008.
The company has an equity capital of Rs 10.65 crore. Face value per share is Rs 10. The current price of Rs 54.65 discounts its Q1 June 2008 annualised EPS of Rs 4.38, by a PE multiple of 12.48.
SAAG RR Infra’s net profit surged 42% to Rs 1.15 crore on 26% increase in net sales to Rs 14.52 crore in Q1 June 2008 over Q1 June 2007.
SAAG RR Infra handles infrastructure and housing projects.

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