Binani Cement surged 3.55% at Rs 29.20 at 13:58 IST on BSE, after the domestic rating agency CARE upgraded its ratings on the cement manufacturer.
The company made this announcement during trading hours today, 5 December 2008.
The stock hit a high of Rs 29.50 and a low of Rs 28.50 so far during the day. The stock hit a 52-week high of Rs 124 on 15 January 2008 and a 52-week low of Rs 26.20 on 20 November 2008.
The company's current equity is Rs 203.10 crore. Face value per share is Rs 10.
The current price of Rs 29.20 discounts the company's Q2 September 2008 annualized EPS of Rs 5.28, by a PE multiple of 5.53.
CARE has upgraded the rating on Binani Cement's non-convertible debentures.
Binani Cement's net profit fell 44% to Rs 26.81 crore on 43.3% increase in net sales to Rs 306.34 crore in Q2 September 2008 over Q2 September 2007.
Binani Cement is engaged in manufacturing and marketing cement and non-ferrous metal.
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