It was due to this reason and also the climax of the bearish phase in the stock markets that its share fell to a low of Rs 13.90 in March, 2009 when the market in general formed second and a higher bottom at 8047 on the BSE Sensex. However, from March onwards the markets resumed their long lasting uptrend and this share also started climbing up phasewise and reached a high of Rs 72.25 sometime in August- September, 2009.
Since the share had risen so much in too short a period, it was obvious for it to attract selling in the nature of profit-taking. It therefore, corrected upto Rs48.70 in October, when the maket also fell sharply down.
However, the share is showing up-going tendency thereafter and closed at Rs 62 on Friday.Market Cap 361.52
* EPS (TTM) 0.25
* P/E 248.40
* P/C 101.80
* Book Value 11.46
* Price/Book 5.42
Div(%) 0.00
Div Yield(%) -
Market Lot 1.00
Face Value 10.00
Industry P/E 9.91
The stock looks very expensive in terms of valuations looking at P/E Ratio and earnings. These expensive valuations seem to be on the back of Nirlon business park developed by Nirlon in Mumbai. The stock has shown a distinctive uptrend against the downtrend in the market. Investors willing to take risk can buy stocks for medium-term investing.
