The company made this announcement after trading hours on Monday, 10 March 2008. Meanwhile, BSE Sensex was down 22.67 points or 0.14% to 15,901.05. On BSE, 2,301 shares were traded in the counter. The scrip had an average daily volume of 74,867 shares in the past one quarter. The stock hit a high of Rs 516.90 and a low of Rs 486.15 so far during the day. The stock had a 52-week high of Rs 1079.95 on 18 January 2008 and a 52-week low of Rs 90 on 12 April 2007. The mid-cap scrip had underperformed the market over the past one month till 10 March 2008, declining 34.27% compared to the Sensexs fall of 8.82%. It had also underperformed the market in the past one quarter, declining 40.49% compared to Sensexs decline of 21.52%. The companys current equity is Rs 36.27 crore. Face value per share is Rs 10. The current price of Rs 515 discounts Q3 December 2007 annualized EPS of Rs 21.64 by a PE multiple of 23.80. The investment would be used to develop township projects in metropolitan region. Orbit Corporation reported a net profit of Rs 19.62 crore on net sales of Rs 72.56 crore in the Q3 December 2007. Figures of the corresponding previous year period were not available. Orbit Corporation is a real-estate construction and development company with primary focus on redevelopment of existing properties. The company specializes in developing, designing and managing high-end residential and commercial properties. |