GEE recommendes second bonus issue 1:4 after jan 1:5 Issue…
At the time of announcing results, the board of directors of the company recommended a 1:4 bonus. This is the second bonus issue from GEE in 2009. The company had issued a 1:5 bonus in January 2009. On BSE, 18,030 shares were traded in the counter. The stock had an average daily volume of 5,654 shares in the past one quarter.
- The stock hit a high of Rs 73.50 and a low of Rs 70.20 so far during the day. The stock hit a 52-week high of Rs 79 on 5 June 2009 and a 52-week low of Rs 25 on 28 October 2008.
- The small-cap stock had underperformed the market over the past one month till 29 June 2009, rising 0.29% as compared to the Sensex’s return of 1.10%. It had outperformed the market in the past one quarter, jumping 118.07% as compared to the Sensex’s return of 47.14%.
- The company’s current equity is Rs 3.78 crore. Face value per share is Rs 2.
- The current price of Rs 71 discounts the company’s Q3 December 2008 annualized EPS of Rs 0.54, by a PE multiple of 131.48.
- GEE’s total income rose 65.51% to Rs 122.05 crore in the year ended March 2009 over the year ended March 2008.
- The company is engaged in manufacturing welding rods and welding wires. Its product include mild steel, low hydrogen, cast iron, non-ferrous, cutting and chamfering, hard facing, high tensile, stainless steel, filler wires, tubular and provides maintenance services.
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