Balmer Lawrie & Company slumped 5.21% to Rs 398.50 at 11:48 IST on BSE after the stock today, 12 September 2008, turned ex-dividend for a dividend of Rs 17 per share.
Dividend yield works out 4.04% based on yesterday's closing price of Rs 420.40. Dividend is tax free in the hands of shareholders.
The stock hit a high of Rs 412 and a low of Rs 398.50 so far during the day. The stock has a 52-week high of Rs 809 on 19 November 2007 and a 52-week low of Rs 338 on 18 March 2008.
The company’s current equity is Rs 16.29. Face value per share is Rs 10.
The current price of Rs 398.50 discounts Q1 June 2008 annualized EPS of Rs 59.32, by a PE multiple of 6.71.
Balmer Lawrie and Company manufactures industrial packaging, barrels and drums, LPG cylinders, greases and lubricants, leather chemicals, functional additives and marine freight containers.
The company’s net profit rose 19.10% to Rs 24.16 crore on 18% increase in net sales to Rs 422.38 crore in Q1 June 2008 over Q1 June 2007
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment