Tuesday, December 16, 2008

Diversification Plan Lifts Equity Company Compact Disc India - Dec 16, 2008

Meanwhile, the BSE Sensex was down 18.02 points, or 0.18%, to 9814.37.On BSE, 95,934 shares were traded in the counter. The scrip had an average daily volume of 43,731 shares in the past one quarter.The stock hit a high of Rs 36.70 and a low of Rs 33.80 so far during the day. The stock had a 52-week high of Rs 130.95 on 18 January 2008 and a 52-week low of Rs 25.70 on 27 October 2008.


The stock had underperformed the market over the past one month till 15 December 2008, declining 15.44% as compared to the Sensex's 4.76% rise. It had also underperformed the market in the past one quarter, falling 48.62% as compared to the Sensex's fall of 27.34%.The small-cap animation outsourcing services provider has an equity capital of Rs 9.57 crore. Face value per share is Rs 10.The current price of Rs 36.70 discounts its Q2 September 2008 annualised EPS of Rs 37.99, by a PE multiple of 0.96.


Compact Disc India said during trading hours today, 16 December 2008, its board will meet on 18 December 2008 to consider investing into gaming development and publishing firm, Laser Infomedia. The board will also consider the location for setting up a gaming development and publishing studio in India, the company said in a statement.

Compact Disc India's net profit surged 114.9% to Rs 9.09 crore on a 119.3% rise in sales to Rs 46.68 crore in Q2 September 2008 over Q2 September 2008.Compact Disc India offers animation outsourcing services. The company produces animated entertainment for movie theaters and television.

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