Hydro S&S Industries galloped 13.17% to Rs 39.10 at 10:13 IST on BSE, after the company said on Tuesday, 9 September 2008, its board will meet on 16 September 2008 to consider buyback of equity shares.
The company made this announcement after trading hours on Tuesday, 9 September 2008.
The stock hit a high of Rs 41.45 and a low of Rs 39.10 so far during the day. The stock has a 52-week high of Rs 81.60 on 1 January 2008 and a 52-week low of Rs 30.10 on 4 September 2008.
The company’s current equity is Rs 6.53. Face value per share is Rs 10.
The current price of Rs 39.10 discounts Q1 June 2008 annualized EPS of Rs 0.25, by a PE multiple of 156.40.
Hydro S&S Industries’ net profit fell 97.40% to Rs 0.04 crore on 36.90% increase in net sales to Rs 35.09 crore in Q1 June 2008 over Q1 June 2007.
The company is engaged in manufacturing reinforced polypropylene compounds. Its products include polymer compounds.
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