Grindwell Norton rose 4.31% to Rs 98 at 11:34 IST on BSE on reporting 17.6% rise in net profit to Rs 14.70 crore in Q2 June 2008 over Q2 June 2007.
The company announced the results after trading hours yesterday, 22 July 2008.
The stock hit a high of Rs 99 and a low of Rs 97 so far during the day. The stock had a 52-week high of Rs 197.50 on 4 December 2007 and a 52-week low of Rs 93 on 4 July 2008.
The company has an equity capital of Rs 27.68 crore. Face value per share is Rs 5.
The current price of Rs 98 discounts its Q2 June 2008 annualised EPS of Rs 10.62, by a PE multiple of 9.23.
Grindwell Norton’s net sales rose 21.9% to Rs 130.81 crore in Q2 June 2008 over Q2 June 2007.
The company is engaged in manufacturing and marketing abrasives, ceramics and plastics products.
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