L G Balakrishnan & Bros fell 3.29% to the day's low of Rs 9.70 at 11:53 IST on BSE on laying off employees at its Bengaluru manufacturing unit due to poor market conditions
The stock hit a high of Rs 10.24 so far during the day. The stock had a 52-week high of Rs 45.40 on 31 December 2007 and a 52-week low of Rs 7.15 on 27 October 2008.
The small-cap auto parts maker has an equity capital of Rs 7.85 crore. Face value per share is Rs 1.
The current price of Rs 9.70 discounts its Q2 September 2008 annualised EPS of Rs 14.65, by a PE multiple of 0.66.
L G Balakrishnan & Bros' net profit surged 504% to Rs 28.75 crore on a 5.3% rise in sales to Rs 148.38 crore in Q2 September 2008 over Q2 September 2007.
L G Balakrishnan & Bros makes automobile and industrial components, cold, hot & warm forging components, fine blanking components and also variety of flat wires and shaped wires.
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