Flawless Diamond (India) surged 5.19% to Rs 36.50 at 11:00 IST on BSE,on 18th Sept'09,Friday, after the company bagged an overseas order worth Rs 17 crore from Malay Impex of Hong Kong for supply of diamond and designer jewellery.
The company announced the export order during trading hours today, 18 September 2009.
Meanwhile, the BSE Sensex was down 19.57 points, or 0.12%, 16,691.54.
On BSE, 2.15 lakh shares were traded in the counter. The stock had an average daily volume of 46,581 shares in the past one quarter.
The stock hit a high of Rs 37.45 and a low of Rs 34.75 so for the day. The stock hit a 52-week high of Rs 49.95 on 22 September 2008 and a 52-week low of Rs 12.60 on 12 March 2009.
The company's equity capital is Rs 16.68 crore. Face value per share is Rs 10.
The current price of Rs 36.50 discounts the company's annualized Q1 June 2009 EPS of Rs 13.05, by a PE multiple of 2.80.
The order is to be executed within a period of 180 days.
Flawless Diamond had in July 2009 bagged two export orders aggregating Rs 32 crore for supply of diamond and designer jewellery.
Flawless Diamond (India)'s net profit fell 30.2% to Rs 5.44 crore on 26.4% fall in net sales to Rs 132.20 crore in Q1 June 2009 over Q1 June 2008.
The company is engaged in manufacturing and marketing cut and polished diamonds and rough diamonds.
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