Marg was locked at 5% upper limit at Rs 36.10 at 15:21 IST on BSE, extending gains for the fourth consecutive day, on share buy back plan.
The stock is up 20.94% from a recent low of Rs 29.85 on 1 December 2008.
The stock hit a high of Rs 56.70 and a low of Rs 47.50 so far during the day. The stock hit a 52-week high of Rs 630.45 on 2 January 2008 and a 52-week low of Rs 28.85 on 2 December 2008.
The company's current equity is Rs 25.61 crore. Face value per share is Rs 10.
The current price of Rs 36.10 discounts the company's Q2 September 2008 annualized EPS of Rs 16.59, by a PE multiple of 2.18.
The board of directors of Marg will meet on 12 December 2008 to consider buy back shares. The company announced the board meet during trading hours today, 5 December 2008.
Marg had on 4 December 2008 received a contract from the Karnataka state government for developing an airport at Bijapur in the state. The financial details were not disclosed.
Marg's net profit surged 61.2% to Rs 10.62 crore on 85.2% increase in net sales to Rs 90.88 crore in Q2 September 2008 over Q2 September 2007.
Marg is engaged in infrastructure and realty development like creation of information technology (IT) parks, SEZ, wind farms, power stations, malls, ports, commercial and residential complexes.
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