Date: 01.08.2007
Unitech had surged4.11% to Rs 558.85 at 15:45 IST after its shareholders approved a 1:1 bonus.The BSE Sensex, meanwhile, was up 290.08 points, or 1.90%, to 15,550.99. Thecompany made the announcement during market hours today, 31 July 2007. OnBSE, 14.68 lakh shares of the scrip were traded.The stock had an averagedaily volume of 12.45 lakh shares on BSE in the past one quarter.Unitech had touched a high of Rs 566 and a low of Rs 529.50 so far duringthe day. It had hit a 52-week high of Rs 623.60 on 29 May 2007 and a 52-weeklow of Rs 187 on 1 September 2006. The stock had tumbled 4% to Rs536.80yesterday, 30 July 2007, despite the company reported370.5% rise in net profit in Q1 June 2007 during market hours yesterday, 30July 2007.The scrip of India's third largest construction firm in terms of sales hadgained 6.39% in the one month to 30 July 2007 versus the Sensex's4.17%return. It had added27.37% in the past three months against the Sensex's 10.01% appreciation.The company's equity capital is Rs 162.34 crore, with 81.17 croreoutstanding shares of a face value of Rs 2 each. At the current price of Rs558.85 the scrip trades at a PE multiple of 32.60, based on year ended March2007 EPS of Rs 17.14.