Bilpower rose 1.48% to Rs 174.80 at 15:07 IST on BSE, after one of the promoters hiked stake in the firm.
The company made this announcement during trading hours today, 30 September 2009.
The stock hit a high of Rs 175.50 and a low of Rs 171.50 so far during the day. The stock had hit a 52-week high of Rs 194 on 16 September 2009 and a 52-week low of Rs 60 on 5 November 2008.
The company's equity capital is Rs 10.50 crore. Face value per share is Rs 10.
The current price of Rs 174.80 discounts the company's Q1 June 2009 annualized EPS of Rs 17.33, by a PE multiple of 10.09.
Suresh Kumar Choudhary, chairman and a promoter of Bilpower has hiked his stake to 5.31% from 5.29% after acquiring 2,164 shares through open market purchases on 25 September 2009. Increase in stake by promoters in a company helps bolster investor confidence.
Total promoters shareholding in the company is 35.52% (as on 30 June 2009).
Bilpower reported net profit of Rs 4.55 crore in Q1 June 2009 as compared to net loss of Rs 26.30 crore in Q1 June 2008. Net sales rose 17% to Rs 104.47 crore in Q1 June 2009 over Q1 June 2007.
The company is engaged in manufacturing and marketing electrical steel products and other steel products related to transformer industry. The products of the group include electrical lamination, stamping and power transformers. The group's plants are located in Gujarat, Uttaranchal and Maharashtra.
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