Himalya International spurted 11.16% to Rs 24.40 at 10:41 IST on BSE after the company said it has formed an alliance with Bharti Wal-Mart retail chain as well as with its parent company Wal-Mart for selling food products in India.
The stock hit a high of Rs 25 and a low of Rs 22.90 so far during the day. The stock had hit a 52-week high of Rs 36.90 on 8 January 2008 and a 52-week low of Rs 13 on 23 August 2007.
The company has an equity capital of Rs 27.43 crore. Face value per share is Rs 10.
The current price of Rs 24.40 discounts its Q1 June 2008 annualised EPS of Rs 4.56, by a PE multiple of 5.35.
The company said it is also in the process of tying up with other major players in retail chains including Reliance Retail.
Himalya International’s net profit surged 80.9% to Rs 3.13 crore on 23.6% increase in net sales to Rs 12.30 crore in Q1 June 2008 over Q1 June 2007.
The company's principal activity is to market mushrooms, fruits and vegetables.
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