The block deal constituted 3.51% of the company's equity.Meanwhile, the BSE Sensex was up 118.49 points, or 1.36%, to 8,814.02.On BSE, 12.53 lakh shares were traded in the counter. The stock had an average daily volume of 57,102 shares in the past one quarter.The stock hit a high of Rs 55.75 so far during the day. The stock hit a low of Rs 50.60 so far during the day, which is record low for the counter. The stock hit a 52-week high of Rs 695.80 on 24 December 2007.
The small-cap stock had underperformed the market over the past one month till 25 November 2008, declining 33.33% as compared to the Sensex's decline of 0.06%. It had also underperformed the market in the past one quarter, declining 81.46% as compared to the Sensex's decline of 39.82%.
The company's current equity is Rs 35.01 crore. Face value per share is Rs 10.The current price of Rs 55.65 discounts the company's Q2 September 2008 annualized EPS of Rs 4.11, by a PE multiple of 13.54.Northgate Tehcnologies' net profit fell 40.13% to Rs 3.61 crore on 11% fall in net sales to Rs 3.48 crore in Q2 September 2008 over Q1 June 2008.The group operates in three segments viz. information technology services, telecommunications and online advertising.
No comments:
Post a Comment