Triveni Engineering and Industries jumped 5.41% to Rs 37 at 11:13 IST on BSE, after a block deal of 1.43 crore shares was executed on NSE at Rs 35.90 a share.
The block deal constituted 5.52% of the company's equity.
The stock hit a high of Rs 37.80 and a low of Rs 35.60 so far during the day. The stock hit a 52-week high of Rs 195.70 on 17 December 2007 and a 52-week low of Rs 29.55 on 27 October 2008.
The company's current equity is Rs 25.79 crore. Face value per share is Rs 1.
The current price of Rs 37 discounts the company's Q4 September 2008 annualized EPS of Rs 4.18, by a PE multiple of 8.85.
Triveni Engineering & Industries' net profit surged 439.2% to Rs 26.96 crore on 40.4% increase in net sales to Rs 427.14 crore in Q4 September 2008 over Q4 September 2007. The company declared its Q4 September 2008 results on 19 November 2008.
Triveni Engineering & Industries has business operations in sugar, turbines and water treatment.
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