Sanwaria Agro Oils moved up 5.15% to Rs 99 at 11:00 IST on BSE after the company said its board has recommended a liberal 1:1 bonus share issue
The company made this announcement before trading hours today, 11 August 2008.
The stock hit a high of Rs 101.95 and a low of Rs 95.70 so far during the day. The stock had hit a 52-week high of Rs 111 on 23 May 2008 and a 52-week low of Rs 28.38 on 22 August 2007.
The company has an equity capital of Rs 8.70 crore. Face value per share is Rs 1.
The current price of Rs 99 discounts its Q1 June 2008 annualised EPS of Rs 9.57, by a PE multiple of 10.34.
Sanwaria Agro Oils’ net profit rose 139.2% to Rs 20.81 crore on 84.2% increase in net sales to Rs 274.34 crore in Q1 June 2008 over Q1 June 2007.
The company is engaged in extracting, refining and trading of soya oil and soyameal. The products include soyabean crude oil, edible oil, soyameal and soya flour. The company is also exploring diversification into production of pollution free bio-diesel from non-edible oils available in India to strengthen national energy security.
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