Aishwarya Telecom hits 52-week high on stock-split plan
The company made the stock split announcement after market hours on Wednesday, 30 December 2009.
The small-cap stock had outperformed the market over the past one month till 30 December 2009, rising 40.63% as compared to the Sensex’s 2.47% rise. It had also outperformed the market in the past one quarter, gaining 58.21% as compared to the Sensex’s return of 1.27%.
The company’s equity capital is Rs 10.66 crore. Face value per share is Rs 10.
The current price of Rs 44.50 discounts the company’s Q2 September 2009 annualized EPS of Rs 2.18, by a PE multiple of 29.84.
The company is engaged in designing, manufacturing and marketing of telecom test & measuring equipment for copper, optical and data networks.
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[...] into the shares of Rs. 5 each. Aishwarya Telecom has been in limelight since it announced the stock split in the month of Dec 09. Find investments that fit your goals with Morningstar’s Premium Screeners. [...]