The company made this announcement after trading hours on Friday, 28 March 2008.
Meanwhile, the BSE Sensex was down 344.45 points, or 2.10%, to 16,026.84 on negative cues from the global markets. US stocks fell on Friday, 28 March 2008, as a profit warning from US department store chain J.C. Penney raised concerns about slowing consumer spending while persistent worries about credit-related problems throttled financial stocks. A prominent analyst warned that earnings would not support current dividend payouts in 2008 at Citigroup, Wachovia Corp and other US banks.
On BSE, 14,972 shares were traded in the counter. The scrip had an average daily volume of 26.80 lakh shares in the past one quarter.
The stock hit a high of Rs 182 and a low of Rs 174 so far during the day. The stock had a 52-week high of Rs 214 on 28 February 2008 and a 52-week low of Rs 163.25 on 24 March 2008.
The mid-cap scrip had underperformed the market over the past one month till 28 March 2008, declining 13.44% compared to the Sensex’s fall of 8.15%.
The company’s current equity is Rs 332.36 crore. Face value per share is Rs 10.
The current price of Rs 180.80 the year ended March 2007 consolidated EPS of Rs 0.68 with a PE multiple of 265.88.
On a consolidated basis, IRB Infrastructure Developers reported a net profit of Rs 22.73 crore on sales of Rs 305.72 crore in the year ended March 2007.
The company, which primarily works on road projects, plans to focus on road projects in western India and is also diversifying into real estate.
Meanwhile, the BSE Sensex was down 344.45 points, or 2.10%, to 16,026.84 on negative cues from the global markets. US stocks fell on Friday, 28 March 2008, as a profit warning from US department store chain J.C. Penney raised concerns about slowing consumer spending while persistent worries about credit-related problems throttled financial stocks. A prominent analyst warned that earnings would not support current dividend payouts in 2008 at Citigroup, Wachovia Corp and other US banks.
On BSE, 14,972 shares were traded in the counter. The scrip had an average daily volume of 26.80 lakh shares in the past one quarter.
The stock hit a high of Rs 182 and a low of Rs 174 so far during the day. The stock had a 52-week high of Rs 214 on 28 February 2008 and a 52-week low of Rs 163.25 on 24 March 2008.
The mid-cap scrip had underperformed the market over the past one month till 28 March 2008, declining 13.44% compared to the Sensex’s fall of 8.15%.
The company’s current equity is Rs 332.36 crore. Face value per share is Rs 10.
The current price of Rs 180.80 the year ended March 2007 consolidated EPS of Rs 0.68 with a PE multiple of 265.88.
On a consolidated basis, IRB Infrastructure Developers reported a net profit of Rs 22.73 crore on sales of Rs 305.72 crore in the year ended March 2007.
The company, which primarily works on road projects, plans to focus on road projects in western India and is also diversifying into real estate.
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