Record date for bonus towers Ashiana Housing

Ashiana Housing rose 4.99% to Rs 423.45 at 11:42 IST after company fixed 22 February 2008 as the record date for the purpose of bonus issue in the ratio of five shares for every 2 shares held..

The company announced the record date during market hours today 30 January 2008.

Meanwhile, BSE Sensex was down 79.32 points or 0.44% to 18,011.46, tracking subdued trend in Asian markets.

On BSE, 3,198 shares were traded in the counter. The stock had an average daily volume of 8,188 shares in the past one quarter.

The stock hit a high of Rs 523.45 and a low of Rs 500 so far during the day. The stock had hit a 52 week high of Rs 754 on 1 January 2008 and a 52 week low of Rs 145.25 on 8 March 2007.

The small-cap construction firm had underperformed the market over the past one month till 29 January 2008, declining 31.56% as compared to the Sensex's fall of 10.82%. It however outperformed the market in the past one quarter, rising 1.25% as compared to the Sensex's fall of 8.8%.

The company's current equity is Rs 5.35 crore. Face value per share is Rs 10.

The current market price of Rs 423.45 discounts its Q3 December 2007 annualised EPS of Rs 56.82 by a PE multiple of 7.45.

The company's net profit rose 150.8% to Rs 7.60 crore on 100.3% rise in sales to Rs 21.97 crore in Q3 December 2007 over Q3 December 2006.

Ashiana Group commenced operations in the housing development sector in 1979, at Patna and since then has extended its activities to Jamshedpur, Bhiwadi, Ghaziabad, Indirapuram, Gurgaon, Greater Noida, Jaipur, Jodhpur and lucknow at present