Meanwhile, the BSE Sensex was up 11.71 points, or 0.12%, to 9,657.17.On BSE, 79,675 shares were traded in the counter. The stock had an average daily volume of 46,048 shares in the past one quarter.The stock hit a high of Rs 43.75 and a low of Rs 43.70 so far during the day. The stock hit a 52-week high of Rs 630.45 on 2 January 2008 and a 52-week low of Rs 28.85 on 2 December 2008.
The stock has risen 46.57% in eight trading sessions from a recent low of Rs 29.85 on 1 December 2008. Marg had on 5 December 2008 announced a board meet to consider buyback.The small-cap stock had underperformed the market over the past one month till 11 December 2008, falling 22.06% as compared to the Sensex's decline of 1.97%. It had also underperformed the market in the past one quarter, declining 71.70% as compared to the Sensex's decline of 32.66%.
The company's current equity is Rs 25.61 crore. Face value per share is Rs 10.The current price of Rs 43.75 discounts the company's Q2 September 2008 annualized EPS of Rs 16.59, by a PE multiple of 2.64.Marg had on 4 December 2008 received a contract from the Karnataka state government for developing an airport at Bijapur in the state. The company reportedly plans to invest Rs 108 crore for the airport project and it is looking for a strategic partner for the same. The investment of Rs 108 crore will be funded through debt-equity ratio, the reports added.
Marg's net profit surged 61.2% to Rs 10.62 crore on 85.2% increase in net sales to Rs 90.88 crore in Q2 September 2008 over Q2 September 2007.Marg is engaged in infrastructure and realty development like creation of information technology (IT) parks, SEZ, wind farms, power stations, malls, ports, commercial and residential complexes.
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