Chettinad Cement Corporation gained 1.04% to Rs 475 at 14:36 IST on BSE, after the company said its board will meet on 16 October 2008 to consider issue of equity shares on rights basis.
The company made this announcement during trading hours today, 15 October 2008.
The stock hit a high of Rs 475 and a low of Rs 475 so far during the day. The stock has a 52-week high of Rs 525 on 11 August 2008 and a 52-week low of Rs 345.15 on 11 January 2008.
The company’s current equity is Rs 29.50 crore. Face value per share is Rs 10.
The current price of Rs 475 discounts the company’s Q1 June 2008 annualized EPS of Rs 59.04, by a PE multiple of 8.05.
Chettinad Cement Corporation’s net profit rose 23.9% to Rs 43.54 crore on 41.3% increase in net sales to Rs 282.33 crore in Q1 June 2008 over Q1 June 2007.
The company is engaged in manufacturing and marketing cement including ordinary portland cement and clinker. It also generates power from windmill and captive thermal power plants.
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