XL Telecom & Energy tumbled 15.14% to Rs 86.85 at 14:28 IST on BSE after the company said Goldman Sachs Investments (Mauritius) sold 1.17% stake in the company on 3 October 2008, reducing its holding to 9.4%.
The stock hit an intra-day low of Rs 86.10, also its 52-week low. It hit an intra-day high of Rs 112 so far. The stock had a 52-week high of Rs 595 on 31 December 2007.
The XL Telecom stock corrected 27.64% in past two trading session to Rs 102.35 on 6 October 2008 from Rs 141.45 on 1 October 2008.
The small-cap telecom equipments maker has an equity capital of Rs 18.78 crore. Face value per share is Rs 10.
The current price of Rs 86.85 discounts its Q4 June 2008 annualised EPS of Rs 24.10, by a PE multiple of 3.60.
XL Telecom & Energy’s net profit rose 143.4% to Rs 11.32 crore on a 31.7% rise in sales to Rs 180.67 crore in Q4 June 2008 over Q4 June 2007.
XL Telecom & Energy is a diversified telecommunications company. The company manufactures products that include mobile handsets, and switch mode power systems. XL also manufactures Solar Photovoltaic Systems, and Ethanol.
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