The company made this announcement during trading hours today, 13 February 2008.
Meanwhile, BSE Sensex was up 284.81 points or 1.71% to 16,892.82.
On BSE, 22,591 shares were traded in the counter. The scrip had an average daily volume of 1.50 lakh shares in the past one quarter.
The stock hit a high of Rs 131.75 and a low of Rs 121.10 so far during the day. The stock had a 52-week high of Rs 222.50 on 8 January 2008 and a 52-week low of Rs 43.50 on 7 March 2007.
The small-cap scrip had underperformed the market over the past one month till 12 February 2008, declining 37.46% compared to the Sensex`s decline of 19.88%. It had outperformed the market in the past one quarter, declining 11.36% compared to Sensex`s decline of 16.66%.
The company`s current equity is Rs 11.46 crore. Face value per share is Rs 10.
The current price of Rs 124.55 discounts its Q3 December 2007 annualized EPS of Rs 25.88, by a PE multiple of 4.81.
Bihar Tubes` net profit rose 107% to Rs 4.14 crore on 33.9% growth in net sales to Rs 66.79 in Q3 December 2007 over Q3 December 2006.
The company is engaged in manufacturing and marketing steel tubes and pipes.
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