Gateway Distriparks jumped 5.20% to Rs 46.50 at on BSE, having recovered from a record low of Rs 43.75, after a block deal of 60 lakh shares was executed on BSE at Rs 46.50 per share.
At the day's low of Rs 43.75, the stock had declined 1.02% before the block deal.
The block deal constituted 5.54% of the company's equity.
The stock hit a high of Rs 48.75 so far during the day. The stock hit a low of Rs 43.75 so far during the day, which is a record low for the counter. The stock hit a 52-week high of Rs 132.70 on 30 April 2008.
The company's current equity is Rs 108.33 crore. Face value per share is Rs 10.
The current price of Rs 46.50 discounts the company's Q3 December 2008 annualized EPS of Rs 10.60, by a PE multiple of 4.39.
Gateway Distriparks' net profit rose 50.2% to Rs 28.69 crore on 28.9% increase in net sales to Rs 59.85 crore in Q3 December 2008 over Q3 December 2007.
Gateway Distriparks is mainly into container handling business.
Gateway Distriparks had on 20 February 2009 announced that Prism International, a promoter, has pledged 1.30 crore or 12% stake of the company with IL&FS Financial Services as security for a term loan. The entire proceeds of the loan were used to purchase equity shares of the company to increase the shareholdings in the company through the creeping acquisition route as per Sebi guidelines, Prism International.
The total promoters' shareholding in the company stood at 45.56% as on 31 December 2008.
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