Financial Daily from THE HINDU group of publications
Tuesday, Aug 10, 2004
Financial Daily from THE HINDU group of publications Tuesday, Aug 10, 2004 |
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Markets
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Stock Markets Numeric Power hits 52-week high Our Bureau
Kolkata , Aug. 9 THE stock of the Chennai-based Numeric Power Systems is a new discovery for some market players. The stock price has been rising for sometime. In the last fortnight, it had hit a low of Rs 127, but today it topped its 52-week high. After touching an intra-day high of Rs 146.35, it finished at Rs 140.85 on the BSE. According Mr Rajesh Agarwal of CD Equisearch, because of its low floating base, the trading volume has an in-built cap. The UPS/battery maker, has a equity base of Rs 5 crore. The promoters hold around 72.45 per cent, while 20.62 per cent is held by public and 6.84 per cent by non-promoter corporate bodies. Mr Devarsh Vakil of Anagram Stockbroking, pointed out that the company has drawn attention of investors after posting good results in the first nine months, it also received an award as a recognition for customer acceptance and market leadership. The company has also launched a new product, which can support 2 PCs or a high-end multimedia PC with 17-inch and above colour monitor. In the first nine months of the 2003-04 (Oct-Sept accounting year), the EPS recorded was Rs 22.5 against Rs 19.72. It had upped the dividend to 30 per cent for the fiscal ended on September 30, 2003, from 20 per cent in the previous fiscal. At today's closing price, the stock traded at 4.5 times its traing 12 month earning. The stock closed with a gain of 0.54 per cent.
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