BRPL surges on strong Q3 show

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Bongaigaon Refinery & Petrochemicals jumped 12.89% to Rs 67 at 9:56 IST on BSE, on reporting 143.5% surge in net profit to Rs 84.90 crore in Q3 December 2007 over Q3 December 2006.

The results were announced after trading hours on Wednesday, 23 January 2008.

Meanwhile, BSE Sensex was up 426.59 points or 2.42% to 18,020.66, tracking firm global markets. US stocks spurted on Wednesday, 23 January 2008, on optimism that a government plan to rescue ailing bond insurers is taking shape and could prevent billions more in credit losses. The US market also drew support from growing confidence that aggressive interest-rate cuts by the Federal Reserve could help stabilize the economy and support the beleaguered banking sector.

On BSE, 36,125 shares were traded in the counter. The scrip had an average daily volume of 18.72 lakh shares in the past one quarter.

The stock hit a high of Rs 70 and a low of Rs 63.90 so far during the day. The stock had a 52-week high of Rs 116.80 on 16 November 2007 and a 52-week low of Rs 39 on 14 March 2007.

The mid-cap scrip had underperformed the market over the past one month 23 January 2008, declining 37.85% compared to the Sensex's decline of 11.38%. It had outperformed the market in the past one quarter, declining 1.98% compared to Sensex's decline of 6.27%.

The company's current equity is Rs 199.82 crore. Face value per share is Rs 10.

The current price of Rs 67 discounts Q3 December 2007 annualized EPS of Rs 17 by a PE multiple of 3.94.

Bongaigaon Refinery & Petrochemicals (BRPL)'s net sales has risen 6.6% to Rs 1462.22 crore in Q3 December 2007 over Q3 December 2006.

The company's principal activity is to operate refinery with a petrochemical complex

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