IFS Optimistic On Block Share Trade
Indiabulls Financial Services went up 1.51% to Rs 655 after a block deal of 13.7 lakh shares was struck at Rs 655.50 per share on BSE.
The scrip touched a high of Rs 664.95 and a low of Rs 647 during the day. There were 18.06 lakh shares for trading on the counter.
In the last three months, the stock had an average daily volume of 11.22 lakh shares on BSE.
The company’s equity capital is Rs 44.55 crore, with 22.27 crore outstanding shares with a face value of Rs 2 each.
At the existing value of Rs 655, the scrip trades at a PE multiple of 27.06, which is based on year ended March 2007 earning per share (EPS) of Rs 24.2.
The Indiabulls Financial Services scrip benefited 17.46% within a month to 16 July 2007 as compared to the Sensex’s 8.11% growth. It appended 31.78% in the last three months versus the Sensex’s 12.52% increase.
On 29 December 2006, the stock hit a 52-week high of Rs 699 and a 52-week low of Rs 195 on 18 July 2006.
In Q4 2006, the company’s net earnings climbed 209.6% to Rs 68.49 crore as compared to Rs 22.12 crore in Q4 March 2006. Operation income went up 103.2% to Rs 145.03 crore in Q4 March 2007 (Rs 71.37 crore).
IFS operate thru four business sections: broking related activities, investing and financing activities, investing advisory services and others.