Nava Bharat Ventures rose 0.91% to Rs 249.95 at 12:12 IST on BSE, on reports the company plans overseas power plant projects.
The stock hit a high of Rs 250.40 and a low of Rs 245.55 so far during the day. The stock has a 52-week high of Rs 351.80 on 7 January 2008 and a 52-week low of Rs 166 on 10 March 2008.
The company’s current equity is Rs 15.58. Face value per share is Rs 2.
The current price of Rs 249.95 discounts Q1 June 2008 annualized EPS of Rs 65.21, by a PE multiple of 6.79.
As per reports, company has placed bids to build a coal-fired power plant called for by the Zambian government. The company is among the 10 shortlisted entities that include India’s largest zinc and copper producer Vedanta Resources Inc. and South Africa’s Londoloza Resources, reports added.
Nava Bharat Ventures’ net profit surged 118.9% to Rs 126.91 crore on 67.3% increase in net sales to Rs 290.48 crore in Q1 June 2008 over Q1 June 2007.
The company is engaged in manufacturing and selling of ferro alloys. The group operates through three segments: ferro alloys, power and sugar. The group also provides infrastructure projects.
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