Varun Shipping to demerge ship management & investment biz
Wednesday, 04 April 2012 | 14:30
Varun Shipping Company has extended financial year by 3 months. The company will demerge ship management business & investment business, reports CNBC-TV18.
Varun Shipping touched an intraday high of Rs 19.30 and an intraday low of Rs 17.85. At 09:58 hrs the share was quoting at Rs 18.80, up Rs 1.35, or 7.74%.
It was trading with volumes of 51,972 shares. In the previous trading session, the share closed up 2.95% or Rs 0.50 at Rs 17.45.
The company's trailing 12-month (TTM) EPS was at Rs 0.98 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 19.29. The latest book value of the company is Rs 54.61 per share. At current value, the price-to-book value of the company was 0.35. The dividend yield of the company was 4.23%.
Source: Money Control
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