Indiaco Ventures record dates for 5 for 1 stocksplit & 1:1 bonus issue

Posted by stockmarket

June 18, 2009

Today BSE Sensex was up 5.41 points, or 0.04%, i.e.,14,528.25. Indiaco Ventures is a private equity and financial services company that provides capital investment, direction and operational expertise in various sectors such as telecom, manufacturing, IT and information technology enabled services (ITES) and real estate. The company operates only in the domestic market.

Lets see the highlights of the stock & stock split news -:

Indiaco Ventures has fixed 26 June 2009 as the record date for a 5-for-1 stock split and a liberal 1:1 bonus issue.
The stock hit a high of Rs 417.05 and a low of Rs 415 so far during the day. The stock hit a 52-week high of Rs 654.55 on 17 September 2008 and a 52-week low of Rs 184 on 2 April 2009.
The small-cap stock had underperformed the market over the past one month till 17 June 2009, rising 16% as compared to the Sensex’s return of 19.30%. It had outperformed the market in the past one quarter, gaining 90.37% as compared to the Sensex’s return of 63.84%.
The company’s current equity is Rs 1.71 crore. Face value per share is Rs 10.
The current price of Rs 417 discounts the company’s Q4 March 2009 annualized EPS of Rs 3.98, by a PE multiple of 104.77.
Indiaco Ventures net profit declined 36.7% to Rs 1.12 crore on 12.6% fall in net sales to Rs 3.97 crore in the year ended March 2009 over the year ended March 2008.
On BSE, 516 shares were traded in the counter. The stock had an average daily volume of 403 shares in the past one quarter.

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