Bartronics soars (SENSEX)
Bartronics surged 13.83% to Rs 235.05 at 14:09 IST on BSE after Railway Minister, Lalu Prasad Yadav proposed smart card-based ticketing system.
Meanwhile, the BSE Sensex was up 87.46 points, or 0.50%, to 17739.61, following overnight rally in US stocks. US stocks rose sharply on Monday, 25 February 2008, on signs the two largest bond insurers would stabilize, bringing a wave of relief to a market dogged by concerns of further bank write-downs.
On BSE, 4.28 lakh shares of the scrip were traded. The stock had an average daily volume of 88,053 shares on BSE in past one quarter.
The scrip had touched a high of Rs 238.40 and a low of Rs 206 so far during the day. The stock had hit a 52-week high of Rs 294.50 on 7 January 2008 and a 52-week low of Rs 93 on 8 March 2007.
The scrip had underperformed the market in the one month to 25 February 2008,falling 9.86% as against the Sensex's 3.87% decline. It had, however, outperformed the market in the past three months, slipping 6.98% against the Sensex's 7.72% slide.
The small-cap technology solution provider has an equity capital of Rs 21.12 crore. Face value per share is Rs 10.
At the current price of Rs 235.05, the scrip trades at a PE multiple of 16.97, based on Q3 December 2007 annualised EPS of Rs 13.85.
The net profit of Bartronics rose 95.4% to Rs 6.74 crore on 211.4% surge in sales to Rs 54.68 crore in Q3 December 2007 over Q3 December 2006.
Bartronics is a leading provider of smart card-based technology as well as radio frequency identification solutions.