Jindal Photo clicks on plan to delist from BSE

Jindal Photo surged 11.69% to Rs 150 at 14:06 IST on BSE after its board decided to delist the shares from the Bombay Stock Exchange.

The company made the announcement after market hours yesterday, 26 August 2008.

The stock is listed on BSE as well as NSE.

The BSE was down 43.52 points, or 0.30%, at 14437.28.

On BSE, 1.90 lakh shares were traded in the counter. The scrip had an average daily volume of 10,485 shares in the past one quarter.

The stock hit a high of Rs 161.25 and a low of Rs 145.05 so far during the day. The stock had a 52-week high of Rs 428.85 on 8 January 2008 and a 52-week low of Rs 115.15 on 18 July 2008.

The scrip had outperformed the market over the past one month till 26 August 2008, rising 12.01% compared to the Sensex's 1.45% gain. It had, however, underperformed the market in the past one quarter, falling 20.30% compared to Sensex's 11.42% fall.

The small-cap photographic equipment maker has an equity capital of Rs 10.26 crore. Face value per share is Rs 10.

The current price of Rs 150 discounts its Q1 June 2008 annualised EPS of Rs 54.11, by a PE multiple of 2.77.

Jindal Photo's net profit rose 8.4% to Rs 13.88 crore on a 1.1% rise in sales to Rs 99.34 crore in Q1 June 2008 over Q1 June 2007.

Jindal Photo manufactures photographic supplies. The company produces photographic film, and markets digital and film cameras.