Supreme Industries surged 4.80% to Rs 113.55 at 10:17 IST,on 19th Nov'08, on BSE, on share buyback plan.
The stock hit a high of Rs 116 and a low of Rs 113 so far during the day. The stock has a 52-week high of Rs 420 on 20 December 2007 and a 52-week low of Rs 100 on 7 November 2008.
The company's current equity is Rs 27.62 crore. Face value per share is Rs 10.
The current price of Rs 113.55 discounts the company's Q1 September 2008 annualized EPS of Rs 15, by a PE multiple of 7.57.
Supreme Industries' board will meet on 26 November 2008 to consider buyback of equity shares of the company. The company announced the board meet after trading hours on Monday, 18 November 2008.
Supreme Industries' net profit rose 11.5% to Rs 10.36 crore on 15.9% increase in net sales to Rs 294.50 crore in Q1 September 2008 over Q1 September 2007.
The Mumbai based company manufactures plastic products. The group's products include PVC pipes and fittings, material handling crates and plastic moulded chairs, moulded furniture, storage and material handling creates, cross laminated and products, petrochemicals, food service ware and protective packaging products. The group operates in India and outside country.
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