Voltas was flat at Rs 137.30 at 11:36 IST on BSE even as the company said it has acquired a 51% stake in a Mumbai based Rohini Industrial Electricals for a consideration of Rs 62 crore.
The company made this announcement after trading hours on Tuesday, 12 August 2008.
The stock hit a high of Rs 139.90 and a low of Rs 136.10 so far during the day. The stock had hit a 52-week high of Rs 266.90 on 4 December 2007 and a 52-week low of Rs 114.50 on 1 July 2008.
The company has an equity capital of Rs 33.09 crore. Face value per share is Rs 1.
The current price of Rs 137.30 discounts its Q1 June 2008 annualised EPS of Rs 10.30, by a PE multiple of 13.33.
Rohini Industrial Electricals (RIE) is engaged in undertaking large turnkey electrical and instrumentation projects for industrial and commercial sectors.
Voltas’ net profit surged 63.2% to Rs 85.13 crore on 22% increase in net sales to Rs 1006.73 crore in Q1 June 2008 over Q1 June 2007.
Voltas' products include air conditioners, water coolers, refrigerators and washing machines.
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