GTL gained 2.25% to Rs 229.15 at 12:27 IST on BSE after the company said on Thursday, 3 July 2008 it has entered into an agreement with China based Huawei for world wide co-operation in network services space.
The company made this announcement after trading hours on Thursday, 3 July 2008.
Meanwhile, the BSE Sensex was up 234.59 points, or 1.79%, to 13,328.70.
On BSE, 30,556 shares were traded in the counter. The scrip had an average daily volume of 1.48 lakh shares in the past one quarter.
The stock hit a high of Rs 230.85 and a low of Rs 224 so far during the day. The stock had a 52-week high of Rs 317 on 7 January 2008 and a 52-week low of Rs 202.20 on 21 August 2007.
The mid-cap company had outperformed the market over the past one month till 3 July 2008, declining 2.80% compared to the Sensex’s decline of 15.60%. It had underperformed the market in the past one quarter, declining 15.07% compared to Sensex’s decline of 14.66%.
The company has an equity capital of Rs 94.57 crore. Face value per share is Rs 10.
The current price of Rs 229.15 discounts its Q4 March 2008 annualised EPS of Rs 11.40, by a PE multiple of 20.10.
As per agreement, Huawei will train GTL’s engineers on its various technology platforms. Huawei provides next generation telecommunications networks.
GTL reported a net profit of Rs 26.95 crore on net sales of Rs 372.20 crore in Q4 March 2007. The figures of the corresponding previous year period were not available.
GTL provides network engineering and customer management solutions, other allied businesses such as enterprise networks, e-business infrastructure and software development.
The company made this announcement after trading hours on Thursday, 3 July 2008.
Meanwhile, the BSE Sensex was up 234.59 points, or 1.79%, to 13,328.70.
On BSE, 30,556 shares were traded in the counter. The scrip had an average daily volume of 1.48 lakh shares in the past one quarter.
The stock hit a high of Rs 230.85 and a low of Rs 224 so far during the day. The stock had a 52-week high of Rs 317 on 7 January 2008 and a 52-week low of Rs 202.20 on 21 August 2007.
The mid-cap company had outperformed the market over the past one month till 3 July 2008, declining 2.80% compared to the Sensex’s decline of 15.60%. It had underperformed the market in the past one quarter, declining 15.07% compared to Sensex’s decline of 14.66%.
The company has an equity capital of Rs 94.57 crore. Face value per share is Rs 10.
The current price of Rs 229.15 discounts its Q4 March 2008 annualised EPS of Rs 11.40, by a PE multiple of 20.10.
As per agreement, Huawei will train GTL’s engineers on its various technology platforms. Huawei provides next generation telecommunications networks.
GTL reported a net profit of Rs 26.95 crore on net sales of Rs 372.20 crore in Q4 March 2007. The figures of the corresponding previous year period were not available.
GTL provides network engineering and customer management solutions, other allied businesses such as enterprise networks, e-business infrastructure and software development.
0 comments:
Post a Comment