The block deal constituted 0.39% of the company's equity.Meanwhile, the BSE Sensex was down 144.28 points, or 1.56%, to 9,085.47.On BSE, 2.94 lakh shares were traded in the counter. The stock had an average daily volume of 1.28 lakh shares in the past one quarter.The stock hit a high of Rs 124.55 and a low of Rs 101.05 so far during the day. The stock hit a 52-week high of Rs 246.95 on 7 January 2008 and a 52-week low of Rs 74 on 7 November 2008.
The stock is up 33.66% from a recent low of Rs 93.85 on 2 December 2008.The mid-cap stock had outperformed the market over the past one month till 4 December 2008, gaining 17.35% as compared to the Sensex's decline of 13.18%. It had also outperformed the market in the past one quarter, falling 29.96% as compared to the Sensex's decline of 38.05%.The company's current equity is Rs 78.59 crore. Face value per share is Rs 2.
The current price of Rs 124.50 discounts the company's Q2 September 2008 annualized EPS of Rs 3.19, by a PE multiple of 39.03.EIH, which owns the Oberio group of hotels, had taken out an insurance policy with New India Assurance and United India Insurance Company - the two-state-owned insurers for the Oberoi-Trident hotel. EIH has also taken a loss of profit insurance that protects it against business losses arising from any untoward events. The Oberoi-Trident hotel was one of the three spots in Mumbai which terrorist had struck last week.
EIH's net profit fell 26.8% to Rs 31.31 crore on 8.5% increase in net sales to Rs 234.22 crore in Q2 September 2008 over Q2 September 2007.EIH owns and operates luxury hotels and resorts in India under the name 'Oberoi'. The company also manages a mid-price hotel chain in India, in addition to hotels in Egypt, Australia, Sri Lanka, Indonesia and Saudi Arabia.
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