Meanwhile, the BSE Sensex was up 369.40 points, or 4.03%, to 9,532.02.On BSE, 4,310 shares were traded in the counter. The stock had an average daily volume of 3,318 shares in the past one quarter.The stock hit a high of Rs 55.05 and a low of Rs 52 so far during the day. The stock hit a 52-week high of Rs 239 on 10 January 2008 and a 52-week low of Rs 48 on 8 December 2008.
The small-cap stock had underperformed the market over the past one month till 8 December 2008, declining 29.46% as compared to the Sensex's decline of 8.05%. It had also underperformed the market in the past one quarter, declining 56.74% as compared to the Sensex's decline of 38.69%.
The company's current equity is Rs 12.80 crore. Face value per share is Rs 10.The current price of Rs 55.05 discounts the company's Q2 September 2008 annualized EPS of Rs 398.06, by a PE multiple of 0.14.The board of directors of LKP Finance will meet on 15 December 2008 to consider buy back of shares. The company announced the board meet during trading hours today, 10 December 2008.
LKP Finance reported a net profit of Rs 127.38 crore in Q2 September 2008 as compared to net loss of Rs 0.28 crore in Q2 September 2007. Total income rose 3382.2% to Rs 129.19 crore in Q2 September 2008 over Q2 September 2007.
The company offers a wide range of financial services like issue management, bill discounting, leasing and hire purchase, full-fledged money changing. It has also started providing travel related insurance policy to bound passengers.
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