Monday, December 15, 2008

Sanraa Media Equity Ahead Record Date For Bonus Issue - Dec 15, 2008

The stock has risen 20.37% from the recent low of Rs 16.20 on 19 November 2008.Meanwhile, the BSE Sensex was up 80.72 points, or 0.83%, to 9,770.79.On BSE, 25,239 shares were traded in the counter. The stock had an average daily volume of 43,303 shares in the past one quarter.The stock hit a high of Rs 19.85 and a low of Rs 18.85 so far during the day. The stock hit a 52-week high of Rs 130.75 on 4 January 2008 and a 52-week low of Rs 14.75 on 21 November 2008.

The small-cap stock had underperformed the market over the past one month till 12 December 2008, falling 3.81% as compared to the Sensex's return of 1.61%. It had also underperformed the market in the past one quarter, declining 61.17% as compared to the Sensex's decline of 30.79%.The company's current equity is Rs 26.58 crore. Face value per share is Rs 10.The current price of Rs 19.50 discounts the company's Q2 September 2008 annualized EPS of Rs 4.35, by a PE multiple of 4.48.

The company has fixed 17 December 2008 as the record date for a 1:1 bonus issue. The company announced the record date on 4 December 2008.Sanraa Media's net profit surged 71% to Rs 2.89 crore on 64.31% increase in net sales to Rs 10.22 crore in Q2 September 2008 over Q1 June 2008.Sanrra Media is an information technology firm.

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