Meanwhile, the BSE Sensex was up 176.85 points, or 1.98%, to 9114.05.On BSE, 2.93 lakh shares were traded in the counter. The scrip had an average daily volume of 23,721 shares in the past one quarter.The stock hit a high of Rs 154.40 and a low of Rs 136 so far during the day. The stock had a 52-week high of Rs 600 on 1 January 2008 and a 52-week low of Rs 85 on 10 October 2008.
The stock had outperformed the market over the past one month till 18 November 2008, rising 24.02% as compared to the Sensex's 10.41% decline. It had also outperformed the market in the past one quarter, falling 36.82% as compared to the Sensex's fall of 38.98%.
The small-cap railway telecommunication products maker has an equity capital of Rs 11.22 crore. Face value per share is Rs 10.
The current price of Rs 146.80 discounts its Q2 September 2008 annualised EPS of Rs 11.34, by a PE multiple of 12.94.
L&T Capital Company, a subsidiary of engineering bellwether Larsen & Toubro, has acquired an additional 8.3% in Kalindee Rail Nirman (Engineers) raising its stake in the latter to 13.9%, according to the data filed with the stock exchange during market hours today, 19 November 2008. L&T Capital is a wholly-owned unit of Larsen & Toubro
Kalindee Rail Nirman (Engineers)'s net profit rose 9.3% to Rs 3.18 crore on a 100% rise in sales to Rs 87.76 crore in Q2 September 2008 over Q2 September 2007.
Kalindee Rail Nirman is engaged in installation, commissioning of signaling and telecommunication projects and execution of gauge conversion projects for Indian Railways.
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