Friday, November 28, 2008

Allied Computers Surges On Setting For Share Split - Nov 28, 2008

The company announced during market hours today (28 November 2008) that it has set 24 December 2008 record date for splitting one equity shares of face value Rs 10 into ten shares of face value Rs 1 each.Meanwhile, the BSE Sensex was down 58.89 points, or 0.59%, to 8973.16.On BSE, 16,855 shares were traded in the counter. The scrip had an average daily volume of 51,411 shares in the past one quarter.

The stock hit a high of Rs 5.33 and a low of Rs 4.50 so far during the day. The stock had a 52-week high of Rs 78.30 on 18 December 2007 and a 52-week low of Rs 4.75 on 20 November 2008.The stock had underperformed the market over the past one month till 26 November 2008, falling 42.94% as compared to the Sensex's 3.74% rise. It had also outperformed the market in the past one quarter, falling 77.95% as compared to the Sensex's fall of 37.67%.

The small-cap computer hardware maker has an equity capital of Rs 19 crore. Face value per share is Rs 10.The current price of Rs 5 discounts its Q2 September 2008 annualised EPS of Rs 0.11, by a PE multiple of 45.45.Allied Computers International (Asia)'s net profit slipped 37.5% to Rs 0.05 crore on a 36.55% rise in sales to Rs 4.01 crore crore in Q2 September 2008 over Q1 June 2007.Allied Computers International (Asia) assembles and markets laptop computers.

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