Monday, September 8, 2008

Patels Airtemp received Large order

Patels Airtemp India soared 5.69% to Rs 61.25 at 12:24 IST on BSE, after the company said on Monday, 8 September 2008 it has received an order of worth Rs 16.09 crore for shell and tube heat exchangers for Essar Oil refinery project in Gujarat.
The company made this announcement during trading hours today, 8 September 2008.
The stock hit a high of Rs 62.10 and a low of Rs 58.40 so far during the day. The stock has a 52-week high of Rs 145.80 on 8 January 2008 and a 52-week low of Rs 41.05 on 6 September 2007.
The company’s current equity is Rs 5.07. Face value per share is Rs 10.
The current price of Rs 61.25 discounts Q1 June 2008 annualized EPS of Rs 10.49, by a PE multiple of 5.84.
Patels Airtemp India’s net profit surged 104.6% to Rs 1.33 crore on 58.3% growth in net sales to Rs 13.23 crore in Q1 June 2008 over Q1 June 2007.
The company is engaged in manufacturing engineering products. Its products include heat exchanger.

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