Friday, November 21, 2008

Sintex Industries Slips After Block Deal - Nov 21, 2008

Meanwhile, the BSE Sensex was up 313.21 points, or 3.91%, to 8781.78. On BSE, 6.92 lakh shares were traded in the counter. The scrip had an average daily volume of 1.12 lakh shares in the past one quarter. The stock hit a high of Rs 169 and a low of Rs 158.10 so far during the day. The stock had a 52-week high of Rs 615 on 4 January 2008 and a 52-week low of Rs 137.15 on 29 October 2008.

The stock had underperformed the market over the past one month till 20 November 2008, declining 10.44% as compared to the Sensex's 17.33% decline. It had also underperformed the market in the past one quarter, falling 45.50% as compared to the Sensex's fall of 42.42%. The mid-cap plastic water storage tanks maker has an equity capital of Rs 27.30 crore.

Face value per share is Rs 2. The current price of Rs 161.90 discounts its Q2 September 2008 annualised EPS of Rs 20.14, by a PE multiple of 8.03. Sintex Industries' net profit rose 62.5% to Rs 68.24 crore on a 37% rise in sales to Rs 438.90 crore in Q2 September 2008 over Q2 September 2007. The company manufactures water storage tanks, loft tanks, industrial containers and material handling containers.

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