Richa Industries spurted 6.56% to Rs 104.70 at 12:05 IST on BSE, on reports the company plans to invest Rs 125 crore on an infrastructure project in Uttarakhand to make steel structures.
The stock hit a high of Rs 105 and a low of Rs 99.50 so far during the day. The stock has a 52-week high of Rs 106 on 11 August 2008 and a 52-week low of Rs 16.50 on 24 September 2007.
The company’s current equity is Rs 16.93 crore. Face value per share is Rs 10.
The current price of Rs 104.70 discounts Q1 June 2008 annualized EPS of Rs 10.32, by a PE multiple of 10.15.
As per reports, the plant, which is expected to be operational by April 2009, would have a capacity of 54,000 metric tonnes per annum (MTPA).
Richa Industries’ net profit surged 273.50% to Rs 4.37 crore on 169.50% increase in net sales to Rs 41.78 crore in Q1 June 2008 over Q1 June 2007.
The company is engaged in fabric knitting, knitted fabric dyeing, finishing, garment dyeing and garment manufacturing. The company's products include knitted and processing of fabrics, cotton spinning and weaving in mills, bleaching and painting of cloth & clothing accessories.
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