Sundaram Finance gained 3.47% to Rs 580.65 at 14:06 IST on BSE after the company fixed 25 August 2008 as the record date for 1:1 bonus issue.
The company made this announcement during trading hours on Tuesday, 5 August 2008.
The stock hit a high of Rs 585 and a low of Rs 572.05 so far during the day. The stock had hit a 52-week high of Rs 914.80 on 3 January 2008 and a 52-week low of Rs 415.50 on 24 August 2007.
The company’s current equity is Rs 27.78 crore. Face value per share is Rs 10.
The current price of Rs 580.65 discounts its Q1 June 2008 annualized EPS of Rs 53.68, by a PE multiple of 10.82.
Sundaram Finance’s net profit rose 59.1% to Rs 37.28 crore on 29.3% growth in net sales to RS 248.01 crore in Q1 June 2008 over Q1 June 2007.
Sundaram Finance is engaged in providing financial services. The activities of the group span savings products like deposits and mutual funds, car and commercial vehicle finance, insurance, home loans, software solutions, business process outsourcing, tyre finance, fleet cards and logistics services.
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