Meanwhile, the BSE Sensex was up 332.37 points, or 3.80%, to 9,079.80.On BSE, 61,805 shares were traded in the counter. The stock had an average daily volume of 51,774 shares in the past one quarter.The stock hit a high of Rs 112.50 and a low of Rs 99 so far during the day. The stock hit a 52-week high of Rs 351.80 on 7 January 2008 and a 52-week low of Rs 90.50 on 20 November 2008.
The small-cap stock had underperformed the market over the past one month till 3 December 2008, declining 19.23% as compared to the Sensex's decline of 15.38%. It had also underperformed the market in the past one quarter, falling 60.43% as compared to the Sensex's decline of 41.88%.The company's current equity is Rs 15.58 crore. Face value per share is Rs 2.
The current price of Rs 111 discounts the company's Q2 September 2008 annualized EPS of Rs 60.88, by a PE multiple of 1.82.Nava Bharat Ventures today, 4 December 2008, said its board will meet on 12 December 2008 to consider buy back of equity shares. The company made the announcement during trading hours.
Nava Bharat Venture's net profit surged 127.3% to Rs 118.56 crore on 157% increase in net sales to Rs 398.30 crore in Q2 September 2008 over Q2 September 2007.The company is engaged in manufacturing and selling of ferro alloys. The group operates through three segments: ferro alloys, power and sugar. The group also provides infrastructure projects.
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