Diamond Cables fell 4.37% to Rs 335 at 15:22 IST on BSE even as it bagged an order to supply transformers, cables, conductors and other electrical products aggregating $37 million to one of the leading power utilities in Africa.
The company announced this during trading hours today, 24 July 2008.
The stock hit a high of Rs 348 and a low of Rs 330 so far during the day. The stock had a 52-week high of Rs 599.20 on 1 January 2008 and a 52-week low of Rs 250.20 on 30 July 2007.
The company has an equity capital of Rs 17.57 crore. Face value per share is Rs 10.
The current price of Rs 335 discounts its Q4 March 2008 annualised EPS of Rs 42.78, by a PE multiple of 7.83.
The order which is to be executed over a period of 2 years includes supply of 2450 transformers and various other products.
Diamond Cables net profit rose 112.1% to Rs 18.79 crore on 158% rise in sales to Rs 188.01 crore in Q4 March 2008 over Q4 March 2007.
Diamond Cables manufactures wire products such as cables, conductors and wire rods.
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