Diamond Power Infrastructure rose 2.89% to Rs 105 at 10:44 IST on BSE, after a block deal of seven lakh shares was executed on BSE at Rs 104 a share.
The block deal constituted 3.98% of the company's equity.
The stock hit a high of Rs 105 and a low of Rs 99.10 so far during the day. The stock has a 52-week high of Rs 599.20 on 1 January 2008 and a 52-week low of Rs 81.45 on 28 October 2008.
The company's current equity is Rs 17.57 crore. Face value per share is Rs 10.
The current price of Rs 105 discounts the company's Q2 September 2008 annualized EPS of Rs 47.33, by a PE multiple of 2.22.
Diamond Power Infrastructure's net profit surged 99.7% to Rs 20.79 crore on 93% increase in net sales to Rs 175.43 crore in Q2 September 2008 over Q2 September 2007.
Diamond Power Infrastructure manufactures wire products such as cables, conductors and wire rods.
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