Austral Coke & Projects surges on stock-split plan

Do you remember the name of Ennore Coke Ltd....??!!

The company made this announcement during trading hours today, 9 June 2009.

Meanwhile, the BSE Sensex was up 419.47 points, or 2.86%, 15,085.39.

On BSE, 22,589 shares were traded in the counter. The stock had an average daily volume of 1.20 lakh shares in the past one quarter.

The stock hit a high of Rs 291.90 and a low of Rs 264.30 so far during the day. The stock hit a 52-week high of Rs 350.30 on 4 May 2009 and a 52-week low of Rs 59.60 on 28 October 2008.

The small-cap stock had underperformed the market over the past one month till 8 June 2009, falling 7.49% as compared to the Sensex's return of 23.49%. It had also underperformed the market in the past one quarter, gaining 48.55% as compared to the Sensex's return of 76.15%.

The company's current equity is Rs 29.03 crore. Face value per share is Rs 10. The current price of Rs 284.50 discounts the company's Q3 December 2008 annualized EPS of Rs 6.96, by a PE multiple of 40.88.

Austral Coke & Projects reported net profit of Rs 5.05 crore on net sales of Rs 73.38 crore in Q3 December 2008. The corresponding previous year figures were not available.

Austral Coke manufactures low ash metallurgical coke. It is also in the business of equipment rental, refractory and textile trading.