Shriram EPC has closed the day at Rs 286.50, with a modest loss of Rs 13.50 or 4.5% over its offer price of Rs 300 after hitting an intraday high and low of Rs 377 and Rs 251, respectively on the NSE. The turnover stood at Rs 296 crore and the stock traded with volumes of 95,92,674 shares. The stock was opened at Rs 320.
T Shivaraman, MD & CEO, Shriram EPC said that their sales for FY09 are pegged at Rs 1500 crore with a PAT of Rs 60 crore. He added that the company will grow by 100% in this year as well.
Speaking to CNBC-TV18, Shivaraman said that their order book currently stands at Rs 2200 crore and added that they are being selective on orders to maintain margins.
The stock settled at Rs 293.60, with volumes of 1,04,22,196 shares. It has hit a high/low of Rs 374.70 and Rs 281.05.
Shriram EPC had come out with public issue of 50 lakh shares at a price band of Rs 290-330 per share. It got subscribed 3.91 times.
Source: Moneycontrol.com
Wednesday, February 20, 2008
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