Nitin Fire Protection Industries rose 4.67% to Rs 245.55 on BSE, extending gains for the seventh day in a row, on bagging orders worth Rs 90 lakh.
The stock hit a high of Rs 255.95 and a low of Rs 225.15 so far during the day. The stock hit a 52-week high of Rs 666.90 on 4 January 2008 and a 52-week low of Rs 121.10 on 27 October 2008.
The stock is up 90.64% from a recent low of Rs 128.80 on 5 December 2008.
The company's current equity is Rs 12.60 crore. Face value per share is Rs 10.
The current price of Rs 245.55 discounts the company's Q2 September 2008 annualized EPS of Rs 18.48, by a PE multiple of 13.29.
Nitin M Shah, a promoter, had raised his stake in the company to 19.47% after acquiring 20,000 shares on 10 December 2008 through open market purchases.
Nitin Fire Protection Industries' 100% subsidiary Logicon Building Systems has bagged orders worth Rs 90 lakh for supply of fire alarm and fire fighting systems. The company has also secured an order from Mellon Bank, Pune for a complete fire protection system.
Logicon Building Systems had on 12 December 2008 bagged an order worth Rs 2.30 crore for setting fire alarm and fire fighting systems at the Marriot Courtyard hotel in Andheri in Mumbai.
Nitin Fire Protection Industries' net profit surged 98.6% to Rs 5.82 crore on 157.3% increase in net sales to Rs 31.65 crore in Q2 September 2008 over Q2 September 2007.
Mumbai-based Nitin Fire Protection Industries is a leading end-to-end solution provider for fire protection, safety and security with capabilities in manufacturing, designing, engineering, commissioning and maintenance.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment