The block deal constituted 3.01% of the company's equity.Meanwhile, the BSE Sensex was up 70.18 points, or 0.72%, to 9,760.25.On BSE, 12.92 lakh shares were traded in the counter. The stock had an average daily volume of 13,066 shares in the past one quarter.The stock hit a high of Rs 44.10 and a low of Rs 37.10 so far during the day. The stock hit a 52-week high of Rs 389 on 24 December 2007 and a 52-week low of Rs 40.10 on 12 December 2008.
The mid-cap stock had underperformed the market over the past one month till 12 December 2008, falling 22.17% as compared to the Sensex's return of 1.61%. It had also underperformed the market in the past one quarter, declining 68.82% as compared to the Sensex's decline of 30.79%.The company's current equity is Rs 33.27 crore. Face value per share is Rs 10.The current price of Rs 43.80 discounts the company's Q2 September 2008 annualized EPS of Rs 2.60, by a PE multiple of 16.5.
Kirloskar Electric Company's net profit fell 51.2% to Rs 3.29 crore on 43.9% increase in net sales to Rs 261.70 crore in Q2 September 2008 over Q2 September 2007.The company is engaged in manufacturing and selling products in electrical industry. Its products include rotating machines, static equipments, switchgears, cables, transformers, capacitors and transmission lines.
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