Areva T&D India jumped 6.03% to Rs 1615 at 11:49 IST on BSE after the company said its board will meet on 29 July 2008 to consider a 5-for-1 stock split.
The company made this announcement during trading hours today, 22 July 2008.
The stock hit a high of Rs 1650 and a low of Rs 1535 so far during the day. The stock had a 52-week high of Rs 3280 on 13 November 2007 and a 52-week low of Rs 1199 on 1 July 2008.
The company has an equity capital of Rs 47.82 crore. Face value per share is Rs 10.
The current price of Rs 1615 discounts its Q1 March 2008 annualised EPS of Rs 37.99, by a PE multiple of 42.51.
Areva T&D India will be a major beneficiary of the Indo-US nuclear deal if the deal fructifies. French giant Areva, which holds 72.18% stake in Areva T&D (as at end march 2008) is best known for its nuclear power plant and transmission interests. It is the only company in the world that has interests in every industry linked to nuclear power - from mining uranium to dismantling old nuclear power plants.
On 9 April 2008, Areva T&D India secured an order worth Rs 418 crore from Essar Constructions to provide equipments for power project in Gujarat and Madhya Pradesh.
Areva T&D India’s net profit rose 42.70% to Rs 54.10 crore on 22.50% growth in net sales to Rs 502.90 crore in Q1 March 2008 over Q1 March 2007.
The company's products and systems serve to transmit and distribute electricity, ensure the reliability, quality and safety of energy flows.
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