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Wintac spurts on rights issue plan

Capital Market / 09:59 , Mar 11, 2010

Wintac galloped 9.77% to Rs 36.50 at 9:57 IST on BSE, after the company said its board will meet on 18 March 2010 to consider the issue of equity shares on rights basis.

The company made this announcement after market hours on Wednesday, 10 March 2010.

Meanwhile, the BSE Sensex was down 21.12 points, or 0.12% to 17,077.21.

On BSE, 840 shares were traded in the counter as against an average daily volume of 1,792 shares in the past one quarter.

The stock hit a high of Rs 36.55 and a low of Rs 36.50 so far during the day. The stock had hit a 52-week high of Rs 36.90 on 16 December 2009 and a lifetime low of Rs 6.66 on 2 April 2009.

The small-cap stock had underperformed the market over the past one month till 10 March 2010, falling 2.49% as compared to the Sensex's 7.39% rise. It had outperformed the market in the past one quarter, rising 9.20% as compared to the Sensex's decline of 0.53%.

The company's equity capital is Rs 4.55. Face value per share is Rs 10.

The current price of Rs 36.50 discounts the company's Q3 December 2009 annualized EPS of Rs 2.56, by a PE multiple of 14.26.

Wintac reported net profit of Rs 0.29 crore in Q3 December 2009 compared to net loss of Rs 0.47 crore in Q3 December 2008. Net sales rose 20.4% to Rs 4.83 crore in Q3 December 2009 over Q3 December 2008.

The company produces a wide range of products in the pharmaceutical, fine chemical and agro chemical segments.

 



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