Jetking Infotrain Bonus Issue Proposal
Jetking Infotrain soared 17.44% to Rs 322.95 yesterday on BSE after the company said its board will meet on 30 June 2008 to consider issue of bonus shares. The company made this announcement during trading hours today, 24 June 2007. The stock had a 52-week high of Rs 433.70 on 6 November 2007 and a 52-week low of Rs 251 on 2 June 2008.
The small-cap company had outperformed the market over the past one month till 23 June 2008, declining 10.74% compared to the Sensex’s decline of 14.15%. It had also outperformed the market in the past one quarter, declining 1.86% compared to Sensex’s decline of 11.86%.
The company has an equity capital of Rs 3.93 crore. Face value per share is Rs 10. The current price of Rs 241 discounts its Q3 December 2007 annualised EPS of Rs 40.30, by a PE multiple of 25.03. Jetking Infotrain’s net profit rose 47.04% to Rs 3.97 crore on 0.71% increase in net sales to Rs 9.91 crore in Q3 December 2007 over Q2 September 2007.
Jetking Infotrain provides training in the field of computer hardware and networking and relevant courses. The institute operates through 85 training centers with 2500 faculty members.
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