Era Infra Engineering rose 1.57% to Rs 484.85 at 11:31 IST on BSE after the company announced book closure for the purpose of 5-for-1 stock split.
The stock hit a high of Rs 485 and a low of Rs 461 so far during the day. The stock hit a 52-week high of Rs 957 on 28 December 2007 and a 52-week low of Rs 410 on 26 August 2008.
From a recent low of Rs 445.40 hit on 1 September 2008, the stock has jumped 8.85%
The company’s current equity is Rs 23.1. Face value per share is Rs 10.
The current price of Rs 816 discounts Q1 June 2008 annualized EPS of Rs 49.18, by a PE multiple of 9.74.
The company said the books of the company will remain closed from 24 September 2008 to 29 September 208 (both days inclusive) for the purpose of stock split as well as for dividend payment
Era Infra Engineering’s net profit fell 14.3% to Rs 28.40 crore on 57.7% increase in net sales to Rs 390.93 crore in Q1 June 2008 over Q1 June 2007.
Era Infra Engineering builds industrial complexes, residential buildings, multiplexes, super malls, power projects and airports. The company is diversifying its revenue stream by entering into new segments such as irrigation and build operate and transfer (BOT) projects.
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