Madras Cements gained 3.36% to Rs 2600 at 10:59 IST on BSE, after the company said on Tuesday, 9 September 2008, its board has fixed 10 October 2008 as the record date for 1:1 bonus issue and 10-for-1 stock split.
The company fixed the record date after trading hours on Tuesday, 9 September 2008.
The stock hit a high of Rs 2600 and a low of Rs 2500 so far during the day. The stock has a 52-week high of Rs 5039.85 on 31 October 2007 and a 52-week low of Rs 2301 on 9 June 2008.
The company’s current equity is Rs 11.90. Face value per share is Rs 10.
The current price of Rs 2600 discounts Q1 June 2008 annualized EPS of Rs 383.09, by a PE multiple of 6.79.
Madras Cements’ net profit rose 13.3% to Rs 113.97 crore on 31% growth in net sales to Rs 614.97 crore in Q1 June 2008 over Q1 June 2007.
The company is engaged in manufacturing cements. The product includes blended cement, ready-mix concrete and dry mortar mix. The company also generates power from windmills.
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