Vipul Stock Split (2:1)

Posted by admin

March 3, 2010

Vipul is locked at an upper circuit limit of 5% on the BSE today, after the company’s board approved a 2-for-1 stock split. The company made this announcement during trading hours today, 3 March 2010. The stock hit a high of Rs 46.80 and a low of Rs 44.50 so far during the day. The stock had hit a 52-week high of Rs 80.95 on 26 October 2009 and a 52-week low of Rs 23.90 on 6 March 2009. The company’s face value per share is Rs 2.

The current price of Rs 46.80 discounts the company’s Q3 December 2009 annualized EPS of Rs 4.51, by a PE multiple of 10.38. Vipul’s net profit rose 22% to Rs 6.76 crore on 38.7% increase in net sales to Rs 70.44 crore in Q3 December 2009 over Q3 December 2008.

The company is engaged in developing residential and commercial properties.

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Stock Split