EID Parry India moved up 6.83% to Rs 165 at 11:09 IST on BSE, on proposal to consider buy back of own shares.
The stock hit a high of Rs 179.90 and a low of Rs 157 so far during the day. The stock has a 52-week high of Rs 267 on 7 August 2008 and a 52-week low of Rs 130.50 on 22 October 2007.
The company’s current equity is Rs 17.85 crore. Face value per share is Rs 2.
The current price of Rs 165 discounts the company’s Q1 June 2008 annualized EPS of Rs 1.24, by a PE multiple of 133.06.
EID Parry India’s board will meet on 29 October 2008 to consider buy back of equity shares of the company. The company made this announcement during trading hours today, 21 October 2008.
EID Parry India will declare its Q2 September 2008 results on 29 October 2008. The company reported a net profit of Rs 2.77 crore in Q1 June 2008 as compared to net loss of Rs 25.41 crore in Q1 June 2007. Net sales surged 194.8% to Rs 216 crore in Q1 June 2008 over Q1 June 2007.
The company is engaged in manufacturing and marketing a wide-range of products such as sugar, bio-products and others. It also involves in the production of farm inputs and cogeneration of power.
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