Poly Medicure Bonus Issue – jumps 19%
Poly Medicure jumped 18.77% to Rs 211.05 n BSE after the company said its board will meet on Tuesday, 9 February 2010, to consider issuing bonus shares. The company announced the board meet before market hours today, 8 February 2010. On BSE, 45,524 shares were traded in the counter as against an average daily volume of 6,878 shares in the past one quarter.
The company’s equity capital is Rs 5.51 crore. Face value per share is Rs 10. The current price of Rs 211.05 discounts the company’s Q3 December 2009 annualized EPS of Rs 32.45, by a PE multiple of 6.50. If approved by the board, this will be a maiden bonus issue by Poly Medicure.
Poly Medicure’s net profit jumped 587.7% to Rs 4.47 crore on 22.4% increase in net sales to Rs 33.97 crore in Q3 December 2009 over Q3 December 2008. The company is engaged in manufacturing of disposable blood bags, IV cannula, endotracheal tubes, cold therapy pads and common disposables.
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[...] ahead of the company’s board meeting today, 9 February 2010 to consider issuing bonus shares. Poly Medicure bonus issue was announced yesterday and had jumped 19% on BSE yesterday. The stock hit a high of Rs 250 so far [...]