HEG gained 5.79% to Rs 225.50 at 10:53 IST on BSE after the company said its board will meet on 31 July 2008 to consider buyback of equity shares.
The company made this announcement after trading hours yesterday, 21 July 2008.
The stock hit a high of Rs 227 and a low of Rs 219.80 so far during the day. The stock had a 52-week high of Rs 609 on 1 January 2008 and a 52-week low of Rs 174 on 2 July 2008.
The company has an equity capital of Rs 44.32 crore. Face value per share is Rs 10.
The current price of Rs 225.50 discounts its Q1 June 2008 annualised EPS of Rs 32.50, by a PE multiple of 6.94.
The company’s net profit rose 20.6% to Rs 36.01 crore on 3.1% fall in net sales to Rs 236.69 crore in Q4 March 2008 over Q4 March 2007.
HEG is the second largest integrated graphite electrode manufacturer in the world.
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