The company made the announcement after market hours on Monday, 10 November 2008.Meanwhile, the BSE Sensex was down 510.03 points, or 4.84%, to 10026.13.On BSE, 2925 shares were traded in the counter. The scrip had an average daily volume of 23,833 shares in the past one quarter.The stock hit a high of Rs 10.24 so far during the day. The stock had a 52-week high of Rs 45.40 on 31 December 2007 and a 52-week low of Rs 7.15 on 27 October 2008.
The stock had outperformed the market over the past one month till 10 November 2008, rising 15.42% as compared to the Sensex staying almost flat. It had also underperformed the market in the past one quarter, falling 33.27% as compared to the Sensex's decline of 30.54%.
The small-cap auto parts maker has an equity capital of Rs 7.85 crore. Face value per share is Rs 1.The current price of Rs 9.70 discounts its Q2 September 2008 annualised EPS of Rs 14.65, by a PE multiple of 0.66.
L G Balakrishnan & Bros' net profit surged 504% to Rs 28.75 crore on a 5.3% rise in sales to Rs 148.38 crore in Q2 September 2008 over Q2 September 2007.L G Balakrishnan & Bros makes automobile and industrial components, cold, hot & warm forging components, fine blanking components and also variety of flat wires and shaped wires.
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