KGN Industries - Stock Split news….

Posted by stockmarket

June 3, 2009

Today KGN Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 06, 2009, inter alia, to consider the Splitting of existing Equity Shares of the face value of Rs 10/- so that each such Equity Share is sub-divided into 10 Equity Shares of the face Value of Rs 1/- each.

The following are the outcomes & effects of meeting -:

Meanwhile, the BSE Sensex was down 78.84 points, or 0.53%, 14,761.79.
On BSE, 687 shares were traded in the counter. The stock had an average daily volume of 217 shares in the past one quarter.
The stock hit a high of Rs 395.25 and a low of Rs 395.25 so far during the day. The stock hit a 52-week high of Rs 3961.20 on 3 June 2008 and a 52-week low of Rs 141.85 on 5 May 2009.
The stock has galloped 164.74% in less than a month time from a recent low of Rs 149.30 on 4 May 2009. The small-cap stock had outperformed the market over the past one month till 1 June 2009, jumping 139.62% as compared to the Sensex’s return of 30.14%. It had underperformed the market in the past one quarter, falling 29.80% as compared to the Sensex’s return of 66.91%.
The company’s current equity is Rs 22.25 crore. Face value per share is Rs 10.
The current price of Rs 395.25 discounts the company’s Q4 March 2009 annualized EPS of Rs 0.22, by a PE multiple of 1796.59.
KGN Industries’ net profit jumped 623.10% to Rs 0.94 crore on 56% fall in net sales to Rs 82.13 crore in the year ended March 2009 over the year ended March 2008.
The company is engaged in the business of leasing, hire-purchase, bill discounting and intercorporate deposits.

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