The stock had lost 46.73% to Rs 47.30 on 4 December 2008 from a recent high of Rs 88.80 on 10 November 2008.Meanwhile, the BSE Sensex was down 283.21 points, or 3.07%, to 8,946.54.On BSE, 23.73 lakh shares were traded in the counter. The stock had an average daily volume of 97,505 shares in the past one quarter.The stock hit a high of Rs 56.70 and a low of Rs 47.50 so far during the day.
The stock hit a 52-week high of Rs 845 on 4 January 2008 and a 52-week low of Rs 46.70 on 4 December 2008.The small-cap stock had underperformed the market over the past one month till 4 December 2008, declining 42.35% as compared to the Sensex's decline of 13.18%. It had also underperformed the market in the past one quarter, falling 78.58% as compared to the Sensex's decline of 38.05%.The company's current equity is Rs 17.49 crore. Face value per share is Rs 2.The current price of Rs 52.50 discounts the company's Q2 September 2008 annualized EPS of Rs 4.75, by a PE multiple of 11.05.
Gammon India's net profit fell 39.9% to Rs 10.30 crore on 11.5% increase in net sales to Rs 513.15 crore in Q2 September 2008 over Q2 September 2007.Gammon India provides engineering services and construction of services. It operates in plan, design and undertakes construction of roads, highways, bridges and other projects.
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