The block deal constituted 3% of the company's equity.Meanwhile, the BSE Sensex was up 87.28 points, or 1%, to 8,782.81.On BSE, 12.10 lakh shares were traded in the counter. The stock had an average daily volume of 1.99 lakh shares in the past one quarter.The stock hit a high of Rs 18.90 and a low of Rs 18.20 so far during the day. The stock hit a 52-week high of Rs 480 on 27 December 2007 and a 52-week low of Rs 18 on 16 October 2008.
The small-cap stock had underperformed the market over the past one month till 25 November 2008, declining 11.88% as compared to the Sensex's decline of 0.06%. It had also underperformed the market in the past one quarter, declining 70.51% as compared to the Sensex's decline of 39.82%.The company's current equity is Rs 39.70 crore. Face value per share is Rs 10.
The current price of Rs 18.75 discounts the company's Q2 September 2008 annualized EPS of Rs 7.55, by a PE multiple of 2.48.Prajay Engineers Syndicate's net profit fell 51.4% to Rs 7.49 crore on 9.5% fall in net sales to Rs 41.84 crore in Q2 September 2008 over Q2 September 2007.The company is engaged in construction services. It offers low cost affordable homes and buildings.
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