Aptech surges on announcing a buyback

14 May 2013

Aptech is currently trading at Rs. 63.50, up by 5.10 points or 8.73% from its previous closing of Rs. 58.40 on the BSE.

The scrip opened at Rs. 64.50 and has touched a high and low of Rs. 65.80 and Rs. 62.20 respectively. So far 12, 67,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 81.90 on 05-Jul-2012 and a 52 week low of Rs. 40.15 on 22-Mar-2013.

Last one week high and low of the scrip stood at Rs. 62.00 and Rs. 44.50 respectively. The current market cap of the company is Rs. 309 crore.

The promoters holding in the company stood at 38.56% while Institutions and Non-Institutions held 5.98% and 55.43% respectively. 

Aptech’s net profit rose 86.17% to Rs 13.87 crore in the quarter ended March 2013, as against Rs 7.45 crore during the previous quarter ended March 2012. It’s income from operations rose 45.58% to Rs 33.25 crore in the quarter ended March 2013 as against Rs 22.84 crore during the previous quarter ended March 2012.

For the full year, net profit rose by 38.85% to Rs 25.27 crore as against Rs 18.20 crore during the previous year ended March 2012. It’s income from operations rose 10.35% to Rs 100.36 crore in the year ended March 2013 as against Rs 90.95 crore during the previous year ended March 2012.

The company’s board of directors recommended a final dividend of Rs 2.50 per share. Aptech would be buying back it’s shares at a maximum price of Rs 82 per share, which translates into  premium of 40.41% from its current market price of Rs 58.40 per share (Previous close on BSE).

Related Aptech Ltd. Links:

Aptech Share Price

220.05 -1.15 (-0.52%) Mar 05, 18:59
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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