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

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Ashuu Kakkarr
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