Sunday, August 17, 2008

KPR Mill on large block deal

KPR Mill spurted 6.97% to Rs 105.90 at 13:49 IST on BSE after 17 lakh shares or 1.3% of the company's equity, changed hands in a block deal on the BSE, at Rs 100 each.
The stock hit a high of Rs 118 and a low of Rs 99 so far during the day. The stock had hit a 52-week high of Rs 209.80 on 28 August 2007 and a 52-week low of Rs 82.05 on 25 March 2008.
The company has an equity capital of Rs 37.68 crore. Face value per share is Rs 10. The current price of Rs 105.90 discounts its Q1 June 2008 annualised EPS of Rs 12.69, by a PE multiple of 8.35.
KPR Mill’s net profit fell 27.2% to Rs 11.95 crore on 26.4% increase in net sales to Rs 167.96 crore in Q1 June 2008 over Q1 June 2007.
KPR Mill is a leading manufacturer of readymade knitted apparel, cotton knitted fabric and yarn in India having manufacturing facilities located at Coimbatore, Sathyamangalam, and Tirupur in Tamil Nadu, South India.

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