Friday, April 4, 2008

Cyber Media India Gains On Acquisition

The company made this announcement during trading hours today, 4 April 2008.

Meanwhile, the BSE Sensex was down 122.52 points, or 0.77%, to 15,710.03.

On BSE, 35 shares were traded in the counter. The scrip had an average daily volume of 3,466 shares in the past one quarter.

The stock hit a high of Rs 64 and a low of Rs 64 so far during the day. The stock had a 52-week high of Rs 136 on 7 June 2007 and a 52-week low of Rs 58.55 on 24 March 2008.

The mid-cap scrip had underperformed the market over the past one month till 3 April 2008, declining 21.82% compared to the Sensex’s fall of 4.29%. It had also underperformed the market in the past one quarter, declining 44.88% compared to Sensex’s decline of 23.47%.

The company’s current equity is Rs 48.17 crore. Face value per share is Rs 2.

The current price of Rs 64 discounts its Q3 December 2007 annualized EPS of Rs 2.60, by a PE multiple of 24.62.

UBM-CyberMedia is an equal joint venture between Cyber Media and United Business Media LLC.

In March 2008, Cyber Media India acquired all the assets of TDA Group, Inc., California in a strategic move to expand the services business of the company.

Cyber Media India’s net profit declined 22.6% to Rs 0.65 crore on 1.8% fall in net sales to Rs 20.27 in Q3 December 2007 over Q3 December 2006.

The company provides cyber media services. The group operates in two segments viz media and media services.

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