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Modern Dairies 1:1 bonus

July 24, 2007

At its upper circuit limit, the scrip touched its all-time high.

The dairy products maker announced a liberal bonus of 1:1 after market hours yesterday, 23 July 2007.

The scrip had touched a low of Rs 49.05 so far during the day. Its 52-week low was Rs 15 on 20 November 2006. At the current price of Rs 49.05, the scrip trades at a PE multiple of 15.67, based on the year ended March 2007 EPS of Rs 3.13.

The Modern Dairies scrip had gained 70.36% in the one month to 20 July 2007 versus the Sensex’s 7.35% gain. It added 101.13% in the past three months against the Sensex’s 12% return.

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