Thursday, August 7, 2008

Balkrishna Industries block deal on BSE

Balkrishna Industries rose 1.21% to Rs 406 at 11:05 IST on BSE after 4 lakh shares or 2.06% of the company’s equity changed hands in a block deal on BSE at Rs 401.15 each.
The stock hit a high of Rs 445.10 and a low of Rs 400 so far during the day. The stock had a 52-week high of Rs 903 on 17 January 2008 and a 52-week low of Rs 380.40 on 18 July 2008.
The small-cap diversified firm has an equity capital of Rs 19.33 crore. Face value per share is Rs 10.
The current price of Rs 406 discounts its Q1 June 2008 annualised EPS of Rs 29.76, by a PE multiple of 13.64.
The net profit of Balkrishna Industries slipepd 32.3% to Rs 14.38 crore on a 30.1% rise in sales to Rs 297.23 crore in Q1 June 2008 over Q1 June 2007.
Balkrishna Industries manufactures paper besides processing synthetic textiles and tyres.

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