Punjab Tractors advanced 11.56% to Rs 223 at 14:08 IST on BSE after posting 580% surge in net profit to Rs 22.44 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results during trading hours today, 21 July 2008.
The stock hit a high of Rs 234 and a low of Rs 200 so far during the day. The stock had a 52-week high of Rs 382.70 on 4 January 2008 and a 52-week low of Rs 183.15 on 8 November 2007.
The company has an equity capital of Rs 60.76 crore. Face value per share is Rs 10. The current price of Rs 223 discounts its Q4 March 2008 annualised EPS of Rs 17.56, by a PE multiple of 12.70.
Punjab Tractors’ total income rose 82.12% to Rs 316.70 crore in Q1 June 2008 over Q1 June 2007.
The company is engaged in manufacturing, marketing and servicing of tractors. The products include agricultural tractors, self-propelled harvester combines, rice transplanters, forklifts, tractor drawn agricultural implements, gears, spare parts, casting and accessories.
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