Core Projects & Technologies rose 2.83% to Rs 45.45 at 12:22 IST on BSE, after credit rating firm ICRA assigned ratings on short term loans, commercial paper and long term loan facilities of the company.
The stock hit a high of Rs 46.40 and a low of Rs 43.65 so far during the day. The stock has a 52-week high of Rs 464.40 on 28 December 2007 and a 52-week low of Rs 34.10 crore on 27 October 2008.
The company's current equity is Rs 17.25 crore. Face value per share is Rs 2.
The current price of Rs 45.45 discounts the company's Q2 September 2008 annualized EPS of Rs 7.77, by a PE multiple of 5.85.
ICRA has assigned 'A1' rating to the short-term fund based/non-fund based limits and to the commercial paper programme of the company. ICRA has also assigned 'LA' rating to the long-term loan facilities of the company.
A1 is the highest credit quality for the short term and short-term debt instrument assigned by ICRA. LA is the adequate credit-quality rating assigned by ICRA.
Core Projects & Technologies' net profit rose 25.75% to Rs 16.75 crore on a 36.99% rise in sales to Rs 88.91 crore in Q2 September 2008 over Q1 June 2008.
Core Projects & Technologies provides information technology products and services. The company provides services including onsite and offsite consulting and knowledge management services, systems integration, global postioning system based vehicle tracking and detection systems, application support for their products, and offshore outsourcing.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment