The company announced the results during trading hours today, 18 July 2008.
Meanwhile, the BSE Sensex was up 465.57 points, or 3.55%, to 13,577.42, helped by a 10% decline in oil prices this week.
On BSE, 38.36 lakh shares were traded in the counter. The scrip had an average daily volume of 15.30 lakh shares in the past one quarter.
The stock hit a high of Rs 118.90 and a low of Rs 104.50 so far during the day. The stock had a 52-week high of Rs 181 on 27 February 2008 and a 52-week low of Rs 50 on 3 August 2007.
The mid-cap company had underperformed the market over the past one month till 17 July 2008, declining 25.37% compared to the Sensex’s decline of 14.98%. It had also underperformed the market in the past one quarter, declining 33.39% compared to Sensex’s decline of 20.44%.
The company has an equity capital of Rs 337.09 crore. Face value per share is Rs 10.
The current price of Rs 113 discounts its Q4 March 2008 annualised EPS of Rs 7.62, by a PE multiple of 14.83.
At the time announcing Q1 June 2008 results today, 18 July 2008, the company’s board has also announced issue of bonus shares in the ratio of 2:5. The company’s board, meanwhile, deferred rights issue proposal
The company is the largest independent producer of low ash metallurgical coke in the country. It manufactures low ash metallurgical coke for the steel industry, soda ash plants, zinc smelters and foundries.