HBL power system plans for stock split….

Posted by stockmarket

June 17, 2009

Today BSE Sensex was down 74.29 points, or 0.51%, 14,448.55. On BSE, 1,301 shares were traded in the counter. The stock had an average daily volume of 42,569 shares in the past one quarter.

The stock hit a high of Rs 234.15 and a low of Rs 224 so far during the day. The stock hit a 52-week high of Rs 320 on 12 August 2008 and a 52-week low of Rs 90.20 on 12 March 2009.
The small-cap stock had underperformed the market over the past one month till 17 June 2009, rising 17.96% as compared to the Sensex’s return of 19.30%. It had outperformed the market in the past one quarter, spurting 128.72% as compared to the Sensex’s return of 63.84%.
The company’s current equity is Rs 24.28 crore. Face value per share is Rs 10.
The current price of Rs 234.15 discounts the company’s Q3 December 2008 annualized EPS of Rs 28.95, by a PE multiple of 8.09.
HBL Power Systems’ net profit fell 33.5% to Rs 17.57 crore on 4.3% rise in net sales to Rs 298.54 crore in Q3 December 2008 over Q3 December 2007.
HBL Power Systems is engaged in manufacturing and supplying industrial batteries and power electronics for use in defence, telecom, railways and industrial applications. The group operates in two segments: electronics and batteries. The group has international operations in Malaysia, United Kingdom and Nepal.
A J Prasad, chairman & managing director (CMD) of HBL Power Systems has pledged more than 1.90 lakh shares representing 0.78% of the equity capital of the company. A J Prasad held 7.99% stake in the company, while total promoter shareholding stood at 72.87% as on 31 March 2009.

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