The company, on Monday, 24 November 2008, said its board will meet on 1 December 2008 to consider buyback of equity shares of the company. The stock is up 52.43% from a recent low of Rs 82 on 18 November 2008.Meanwhile, the BSE Sensex was down 93.83 points, or 1.04%, to 8932.89.On BSE, 3830 shares were traded in the counter. The scrip had an average daily volume of 655 shares in the past one quarter.The stock hit a high of Rs 129.90 and a low of Rs 119 so far during the day.
The stock had a 52-week high of Rs 273 on 1 January 2008 and a 52-week low of Rs 79 on 18 November 2008.The stock had outperformed the market over the past one month till 26 November 2008, gaining 35.75% as compared to the Sensex's 3.74% rise. It had also outperformed the market in the past one quarter, falling 9.74% as compared to the Sensex's fall of 37.67%.
The small-cap Gujarati newspaper publisher has an equity capital of Rs 8.65 crore. Face value per share is Rs 10.The current price of Rs 125 discounts its Q2 September 2008 annualised EPS of Rs 30.10, by a PE multiple of 4.15.Sandesh's net profit fell 36.2% to Rs 6.51 crore on a 9.4% rise in sales to Rs 107.60 crore in Q2 September 2008 over Q2 September 2007.Sandesh publishes daily and weekly newspapers and magazines. The company is also engaged in bullion trading business as well as construction and development activities.
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