Geometric surged 3.96% to Rs 62.95 at 11:48 IST on BSE after the company said it has launched NestLib version 21.5 with significant new enhancements in its optimizer and cutting sequence generation modules.
The stock hit a high of Rs 64.40 and a low of Rs 60.95 so far during the day. The stock had hit a 52-week high of Rs 104 on 20 August 2007 and a 52-week low of Rs 42 on 24 March 2008.
The company has an equity capital of Rs 12.42 crore. Face value per share is Rs 2.
The current price of Rs 62.95 discounts its Q1 June 2008 annualised EPS of Rs 10.24, by a PE multiple of 6.15.
NestLib is one of the most successful nesting technologies in the market focused on optimizing two-dimensional packaging, Geometric said.
On 6 August 2008, Geometric signed a contract with Ford Motor Company to provide application management services for its engineering applications.
In April 2008, the company sold one of its properties located in Pune, for Rs 29.50 crore.
Geometric’s net profit surged 173.02% to Rs 15.89 crore on 13.66% increase in net sales to Rs 52.01 crore in Q1 June 2008 over Q4 March 2008.
Geometric is specialist in the domain of engineering solutions, services and technologies, in the IT sector. Its portfolio of global engineering services and digital technology solutions for product lifecycle management (PLM) enables companies to formulate, implement and execute global engineering and manufacturing strategies aimed at achieving greater efficiencies in the product realization lifecycle.
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