Tuesday, November 25, 2008

KS Oil jumps on acquisition

KS Oil jumped 4.45% to Rs 41.10 at 10:05 IST on BSE on acquiring an edible oil refinery in West Bangal for Rs 150 crore.
The company made the announcement before market hours today, 25 November 2008.
The stock hit a high of Rs 42.25 and a low of Rs 40.10 so far during the day. The stock had a 52-week high of Rs 142.40 on 8 January 2008 and a 52-week low of Rs 30 on 27 October 2008.
The mid-cap edible oil maker has an equity capital of Rs 33.24crore.
Face value per share is Rs 1.
The current price of Rs 41.10 discounts its Q2 September 2008 annualised EPS of Rs 5.08, by a PE multiple of 8.09.
K S Oils net profit rose 58.8% to Rs 42.22 crore on a 66.8% rise in sales to Rs 733.60 crore in Q2 September 2008 over Q2 September 2007.
K S Oils manufactures mustard and rapeseed oils. The company produces edible oils and non-edible solvent oils.

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