United Phosphorus surged 3% to Rs 99.65 on 7th Nov-08,at 12:39 IST on BSE, after an interse transfer of shares took place between the promoter group at 10.3% premium to the ruling price.
The stock hit a high of Rs 100.50 and a low of Rs 96.95 so far during the day. The stock has a 52-week high of Rs 212.50 on 10 January 2008 and a 52-week low of Rs 65.13 on 27 October 2008.
The company's current equity is Rs 87.91 crore. Face value per share is Rs 2.
The current price of Rs 279.55 discounts the company's Q2 September 2008 annualized EPS of Rs 12.52, by a PE multiple of 4.12.
An interse transfer of 28.5 lakh shares took place between promoters at Rs 110 per share through off market deal, the company said. Uniphos Enterprises was the seller and Nerka Chemicals was the buyer. The transfer of stake was a part of a strategic planning within the group, United Phosphorus said.
United Phosphorus reported a net profit of Rs 68.80 crore in Q2 September 2008 as compared to net loss of Rs 4.25 crore in Q2 September 2007. Net sales rose 79.9% to Rs 627.98 crore in Q2 September 2008 over Q2 September 2007.
United Phosphorus manufactures and exports off-patent agrochemicals. The company also manufactures industrial chemicals, specialty chemicals and chlor-alkaline products.
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