Friday, November 14, 2008

Jyothy Laboratories Gains On Fixing Record Date - Nov 14, 2008

Meanwhile, the BSE Sensex was down 106.20 points, or 1.05%, to 9,439.57.On BSE, 162 shares were traded in the counter. The scrip had an average daily volume of 7,886 shares in the past one quarter.The stock hit a high of Rs 250 and a low of Rs 222 so far during the day. The stock had a 52-week high of Rs 964.40 on 2 January 2008 and a 52-week low of Rs 210.10 on 29 October 2008.

The stock had underperformed the market over the past one month till 12 November 2008, declining 12.88% as compared to the Sensex's 9.42% decline. It had also underperformed the market in the past one quarter, falling 49.18% as compared to the Sensex's fall of 37.31%.

The small-cap stock has an equity capital of Rs 7.26 crore. Face value per share is Rs 5.

The current price of Rs 238 discounts its Q1 September 2008 annualised EPS of Rs 14.02, by a PE multiple of 16.97.

Jyothy Laboratories has set 19 December 2008 as the record date for stock-split. The company announced the record date during the market hours today, 14 November 2008.

The company's net profit fell 37.9% to Rs 5.09 crore on 17.3% rise in sales to Rs 86.76 crore in Q1 September 2008 over Q1 September 2007.

Jyothy Labs is engaged in the fabric care, household insecticide, surface cleaning, personal care and air care segments of the Indian market. It offers branded products including fabric whitener, mosquito repellent, dish washing, bath and incense products.

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