Pratibha Industries rose 2.15% to Rs 213.50 at 15:29 IST on BSE after the company posted 93.83% rise in net profit to Rs 11.61 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results during trading hours today, 25 July 2008.
The stock hit a high of Rs 222.40 and a low of Rs 210 so far during the day. The stock had a 52-week high of Rs 469.80 on 2 January 2008 and a 52-week low of Rs 180.10 on 18 July 2008.
From a recent low of Rs 196 on 16 July 2008 the stock rose 6.63% to Rs 209 on 24 July 2008. The stock had gained 4.82% to Rs 215.40 on 23 July 2008 as market surged on that day after government on 22 July 2008 won the vote of trust in parliament. The stock declined 2.97% to Rs 209 on 24 July 2008.
The company has an equity capital of Rs 16.69 crore. Face value per share is Rs 10.
The current price of Rs 213.50 discounts its Q4 March 2008 annualised EPS of Rs 24.73, by a PE multiple of 8.63.
Pratibha Industries reported a 171.11% surge in total income to Rs 180.31 crore in Q1 June 2008 over Q1 June 2007.
In June 2008, Pratibha Industries bagged an order worth Rs 179.72 crore from Lanco Hills Technology Park for construction of a mall podium.
In April 2008, the company bagged an order worth Rs 37.03 crore from Sunshine Housing Development for construction of a commercial building Sunshine Towers at Dadar in Mumbai.
The company is engaged in the business of infrastructure and manufacture of submerged arc welded pipes.
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