Skip to main content

Rayban Sun Optics India spurts

Rayban Sun Optics India surged 4.53% at Rs 120 at 12:20 IST on BSE after a majority of bids came at Rs 185 per share in its ongoing delisting offer.

On BSE, the counter saw high volumes of 2.28 lakh shares so far during the day. The scrip had an average daily volume of 59,796 shares in the past one quarter.

The stock hit a high of Rs 122.85 and a low of Rs 114 so far during the day. The stock had a 52-week high of Rs 142.40 on 17 December 2007 and a 52-week low of Rs 53 on 19 March 2008.

The small-cap scrip underperformed the market over the past one month till 20 August 2008, rising 3.14% compared to the Sensex's 7.65% gain. It outperformed the market in the past one quarter, falling 60.90% compared to Sensex's 14.81% fall.

The company has an equity capital of Rs 24.48 crore. Face value per share is Rs 10.

The current price of Rs 120 discounts its Q2 June 2008 annualised EPS of Rs 7.34, by a PE multiple of 16.34.

As per the latest data available maximum bids for 4.90 lakh (or 83.33% of the total shares bid) came at Rs 185 per share, in the ongoing reverse book building (RBB) procedure to determine the exit price. Bids were received for 5.88 lakh shares against maximum size of 72.10 lakh shares. The floor price is at Rs 82. The book building offer closes tomorrow, 22 August 2008.

The acceptance or rejection of the discovered price through RBB procedure will be made on 26 August 2008.

In June 2008, foreign promoter Ray Ban Indian Holdings Inc, holding 70.54% stake in the company as at end June 2008, proposed a voluntary delisting of the shares of the company from the Bombay Stock Exchange.

Rayban Sun Optics India's net profit fell 19.70% to Rs 4.49 crore on 23.60% fall in net sales to Rs 20.44 crore in Q2 June 2008 over Q2 June 2007.

The company is engaged in manufacturing and marketing frames and sunglasses

Popular posts from this blog

Bio-fuel has top investors powered up

23RD ,JUNE India's fortune-hunters believe their new-found love for biofuel will pay off. India's well-known investors who are known for their Midas touch have spotted an opportunity in bio-fuel, betting big on ethanol, bio-mass and even bio-fuel equipment makers in India and other parts of the globe. Billionaires Rakesh Jhunjhunwala, C Sivasankaran, Vinod Khosla, founder of Sun Microsystems, and Nemish Shah, the media-shy joint partner of Enam Financial Services, are investing in bio-fuel makers quietly, expecting that bio-fuel will have a big play in the coming years as the world looks for a viable alternative to the fast depleting oil reserves. Jhunjhunwala, who is known for his ability to spot a multi-bagger at a very early stage, recently invested in Hyderabad-based bio-fuel firm Nandan Biometrics.He is also a 10 per cent stakeholder in Praj Industries, which is a bio-fuel technology provider…

up to 8,500% return in 5 years! Investors made a killing in these 30 smallcap stocks

U By Rahul Oberoi, | Updated: Dec 01, 2017, 04.06 PM IST Post a Comment
Efficiency pays in the long run. Among the top smallcap plays on Dalal Street, 30 companies with stable return on equity (RoE) and return on capital employed (RoCE) have surged up to 8,500 per cent over the past five years.

All these companies had a debt-to-equity ratio of less than 1 and have been maintaining RoE and RoCE of over 20 per cent since 2012-13.

Avanti Feeds emerged the chart topper, with an 8,527 per cent gain to Rs 2,596.60 as of November 28 from Rs 30.10 ..

ovember 28 from Rs 30.10 on November 27, 2012. The company’s return on equity for FY17, FY16, FY15, FY14 and FY13 stood at 42.65 per cent, 46.21 per cent, 52.41 per cent, 45.79 per cent and 27.60 per cent, respectively. Avanti also managed to achieve a return on capital employed of over 50 per cent in last four years. Its RoCE stood at 28.59 per cent inRoE measures net income earned for every rupee of shareholder funds, while…

5 dark-horse picks

Kwadrat/ Kwadrat/
If you are a conservative investor, using the mutual fund route is the best way to invest in stocks. But if you are game for some excitement, you might want to dabble directly in stocks, especially small-cap stocks. Stocks that are smaller in size, in terms of market capitalisation, carry higher risk. The reasons are — one, lower traded volume increases price volatility, two, information is usually scarce on these companies, three, business risk is higher since many of these companies are dependent on a single product and four, governance risk is also higher in these stocks. That said, small-cap stocks have the capacity to deliver far greater returns when compared to large-cap stocks. Sample this: there were 16 stocks with market cap more than ₹50,000 crore in January 2009. These stocks delivered an average return of 138 per cent in the last eight years but 4 out of every 10 stocks in this group delivered negative returns. On the ot…