Deepak Fertilizers & Petrochemicals Corporation jumped 3.65% to Rs 106.40 at 13:58 IST on BSE, after the company said Fidelity Puitan Trust, a foreign fund, has hiked its stake in the firm.
The company made this announcement during trading hours today, 31 December 2009.
The stock hit a high of Rs 108.25 and a low of Rs 102.10 so far during the day. The stock had hit a 52-week high of Rs 111.40 on 2 June 2009 and 52-week low of Rs 48.60 on 6 March 2009.
The company's equity capital is Rs 88.20 crore. Face value per share is Rs 10.
The current price of Rs 106.40 discounts the company's Q2 September 2009 annualized EPS of Rs 16.38, by a PE multiple of 6.50.
Fidelity Puitan Trust has hiked its stake to 4.18% from 4.14% after acquiring 35,000 shares representing 0.04% of the equity capital of the firm through open market purchases on 23 December 2009.
Deepak Fertilizers & Petrochemicals Corporation's net profit fell 13.6% to Rs 36.12 crore on 5.1% decline in net sales to Rs 350.93 crore in Q2 September 2009 over Q2 September 2008.
The company manufactures ammonia, fertiliser, concentrated nitric acid, ammonium nitrate and diluted nitric acid.
The total promoter shareholding in the company is 42.61% (as on 30 September 2009).
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