Indo Asian Fusegear gained 2.02% to Rs 81 at 9:58 IST on BSE, after the company said it has secured an export order worth Rs 23 crore for supply of electrical distribution equipments.
The company made this announcement after trading hours on Monday, 1 September 2008.
The stock hit a high of Rs 81 and a low of Rs 81 so far during the day. The stock has a 52-week high of Rs 201 on 7 January 2008 and a 52-week low of Rs 66 on 30 June 2008.
The company’s current equity is Rs 14.56. Face value per share is Rs 10.
The current price of Rs 81 discounts Q1 June 2008 annualized EPS of Rs 8.60, by a PE multiple of 9.42.
Indo Asian Fusegear’s net profit fell 9.9% to Rs 3.29 crore on 22% increase in net sales to Rs 64.76 crore Q1 June 2008 over Q1 June 2007.
Indo Asian Fusegear is a Noida-based manufacturer of electrical lighting and switchgear equipments.
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