Bliss GVS Pharma spurts on bonus proposal

nusBliss GVS Pharma was locked at 20% upper limit at Rs 46.25 at 11:08 IST on BSE after the company said its board will meet on 29 July 2008 to consider issue of bonus shares.

The company made this announcement after trading hours yesterday, 23 July 2008.

Meanwhile, the BSE Sensex was down 169.38 points, or 1.13%, to 14,772.90.

On BSE, 52,859 shares were traded in the counter. The scrip had an average daily volume of 15,099 shares in the past one quarter.

The stock hit a high of Rs 46.25 and a low of Rs 44.90 so far during the day. The stock had a 52-week high of Rs 78.59 on 18 January 2008 and a 52-week low of Rs 15.30 on 27 July 2007.

The small-cap company had outperformed the manket over the past one month till 23 July 2008, gaining 19.53 compared to the Sensex's return of 5.92%. It had underperformed the market in the past one quarter, declining 25.72% compared to Sensex's decline of 10.64%.

The company has an equity capital of Rs 6.45 crore. Face value per share is Rs 1.

The current price of Rs 46.25 discounts its Q4 March 2008 annualised EPS of Rs 5.18, by a PE multiple of 8.93.

Bliss GVS Pharma's net profit rose 476.6% to Rs 8.36 crore on 89% increase in net sales to Rs 37.14 crore in Q4 March 2008 over Q4 March 2007.

The company operates in two segments, healthcare products and pharma produc