Vishal Information hardens on stock split plan

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FOREIGN FUNDS NET SELL RS.463.89 CR IN EQUITIES ON NOVEMBER 20 (PROV)
MUTUAL FUNDS NET SELL RS.176.7 CR IN EQUITIES ON NOVEMBER 19
DII'S NET BUY RS.18.46 CR IN EQUITIES ON NOVEMBER 20 (PROV)
TO ENTER INTO CUSTOMIZED MOTOR CYCLE BIZ VIA PRO-BIKING SHOWROOMS
TO EXPAND PANTNAGAR CAPACITY TO 70,000 UNITS IN NEXT FEW MONTHS
AKER IS A NORWEGIAN SERVICE PROVIDER CO FOR OIL AND GAS OPERATIONS
AKER SOLUTIONS TO PROVIDE SUPPORT SERVICES IN KG BASIN
AKER BAGGED SUB SEA PRODUCTION ORDER FROM RIL IN 2006 ALSO
RELIANCE IND PLACES RS.115 CR ORDER WITH NORWAY'S AKER SOLUTIONS
PORTING CHARGES TO BECOME APPLICABLE FROM DECEMBER 31, 2009
MNP ALLOWS USERS TO CHANGE OPERATORS WHILE RETAINING MOBILE NOS
USERS TO PAY MAX OF RS.19 TO CHANGE OPERATOR WHILE RETAINING OLD NUMBER
TRAI COMES OUT WITH NUMBER PORTABILITY CHARGES
PUNJAB NATIONAL BANK PLANS TO RAISE RS 700 CR BY SELLING BONDS
TATA TELE-QUIPPO OFFERING BETTER SERVICING DEAL FOR TOWERS: SOURCES
GTL BID 10-15% HIGHER THAN TATA-QUIPPO: SOURCES
DEAL VALUED AT AROUND RS.6000 CR : SOURCES
MAY JOIN RACE FOR SHELL'S EUROPEAN REFINERIES: SOURCES
SENSEX, NIFTY UP 1% EACH FOR THE WEEK
CNX MIDCAP INDEX UP 1%, BSE SMALLCAP INDEX UP 1.6%
METAL INDEX UP 3.7%, AUTO INDEX UP 2.3%, FMCG UP 1.5%
INDEX GAINERS: SUZLON UP 9.3%, TATA STEEL UP 6.3%, SAIL UP 5.3%
APPROACHED SHELL FOR BUYOUTS BEFORE ESSAR'S EXCLUSIVE TALKS BEGUN
ESSAR-SHELL IN EXCLUSIVE NEGOTIATIONS TILL NOV 30 TO BUY 3 SHELL REFINERIES
RIL SPOKESPERSON: 'WE ARE REVIEWING A NUMBER OF GLOBAL OPPORTUNITIES'
RIL SPOKESPERSON TO NDTV: 'REVIEWS CANNOT ASSURE TRANSACTIONS'
JSW ENERGY ALSO IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
CESC, SREI INFRA IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
GAMMON INFRA BAGS NHAI PROJECT WORTH RS.850 CRORES
NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)

Updated: 06/01/2009 | 12:00 AM IST

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Vishal Information hardens on stock-split plan

Capital Market

Tuesday, January 06, 2009 (New Delhi)

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Meanwhile, the BSE Sensex was up 24.57 points, or 0.24%, to 10,300.17.

On BSE, 3,784 shares were traded in the counter. The stock had an average daily volume of 65,055 shares in the past one quarter.

The stock hit a high of Rs 325.50 and a low of Rs 310.05 so far during the day. The stock hit a 52-week high of Rs 362.90 on 29 September 2008 and a 52-week low of Rs 145 on 11 August 2008.

The small-cap stock had underperformed the market over the past one month till 5 January 2009, gaining 0.31% as compared to the Sensex's return of 14.62%. It had outperformed the market in the past one quarter, falling 7.04% as compared to the Sensex's decline of 17.97%.

The company's current equity is Rs 10.68 crore. Face value per share is Rs 10.

The current price of Rs 325 discounts the company's Q2 September 2008 annualized EPS of Rs 16.10, by a PE multiple of 20.17.

The board of directors of Vishal Information Technologies will meet on 15 January 2009 to consider a 10-for-1 stock split. The company announced the board meet before trading hours today, 6 January 2009.

Vishal Information Technologies' net profit rose 6.17% to Rs 4.30 crore on 8.79% increase in net sales to Rs 15.85 crore in Q2 September 2008 over Q1 June 2008.

Vishal Information Technologies provides IT-enabled services (ITeS) in the areas of data digitization, e-publishing and digital library.