On BSE, 80,895 shares of the scrip were traded. The stock had an average daily volume of 6753 shares on BSE in past one quarter.
The scrip hit an all time high of Rs 261 during the day on BSE. The stock touched low of Rs 220 for the day. The stock had hit 52-week low of Rs 137 on 28 March 2007.
The scrip had outperformed the market over the past one month till 5 December 2007, gaining 5.53% compared to the Sensex’s gain of 1.74%. It outperformed the market in the past one quarter, advancing 32.41% compared to Sensex’s rise of 26.39%.
The small-cap hospitality firm has an equity capital of Rs 13.20 crore. Face value per share is Rs 10.
At the current price of Rs 253, the scrip trades at a PE multiple of 12.03, based on Q2 September 2007 annualised EPS of Rs 21.03.
On 27 October 2007, Kamat Hotels India’s board of directors had approved the acquisition upto 60% stake in equity of Concept Hospitality, a hospitality management consultancy company. However approval of the Central Government was pending.
Kamat Hotels India is engaged in hotels and hotel related business.
The company’s net profit jumped 377% to Rs 7.25 crore on 54.5% rise in sales to Rs 33.14 crore in Q2 September 2007 over Q2 September 2006.
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Source - HDFCSEC
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