After the IPO @ 145 close to a year ago, why did this stock crumble .. It is trading close to its book value .. And the MFs have all dumped the stock ..
Why ?...

Their Q1FY09 sales turnover was 481 crores leading to a net profit of 58 Crores. Looks good even now :)
You can find the results in the NSE website.
...

Have the Q1 results come ?
The Board has declared 45 % dividend, i.e 90 paise per share.
can anyone please share the results ?...

first quarter results on 31st July...

Easter Silk is trading close to it\\\\\\\\\\\\\\`s 52 week low. It made a loss last quarter and there was a drop in Sales. It is trading at a more than 50% discount to it\\\\\\\\\\\\\\`s book value. Is it a good value buy at the current levels ?...

Yes sir . The First Quarter results have come . They are as follows : atest Financial Results Jul 31, 2008 20:48 hours Company Eastern Silk Industries Limited NSE Symbol EASTSILK Result Period 01-APR-2008 to 30-JUN-2008 (First Quarter) Result Type Unaudited, Non-Cumulative, Non-Consolidated Non Banking Financial Results (Rs.lakhs) Net Sales/Income from Operations 12993.10 Other Income 231.14 Total Income 13224.24 Increase/Decrease in Stock in trade and work in progress -1448.88 Consumption of Raw Materials 9157.48 Purchase of traded goods - Employees Cost 143.80 Depreciation 405.41 Other Expenditure 2548.34 Total Expenditure 10806.15 Interest 503.73 Exceptional items -242.12 Profit(+)/Loss(-) from Ordinary Activities before tax 2156.48 Tax Expense 210.00 Net Profit(+)/Loss(-) from Ordinary Activities after tax 1946.48 Extraordinary Items - Net Profit (+) / Loss (-) for the period 1946.48 Dividend (%) - Face Value (in Rs.) 2.00 Paid-up Equity Share Capital 1579.05 Reserves excluding Revaluation Reserves - Basic EPS before Extraordinary items (in Rs.) 2.42 Diluted EPS before Extraordinary items (in Rs.) 2.42 Basic EPS after Extraordinary items (in Rs.) 2.42 Diluted EPS after Extraordinary items (in Rs.) 2.42 Public Shareholding (Number of Shares) 41531670.00 Public Shareholding (%) 52.60 Notes To Accounts Remarks: The operation of the company relate to only one primary segment viz. Textiles....

Their Q1FY09 sales turnover was 481 crores leading to a net profit of 58 Crores. Looks good even now :) You can find the results in the NSE website. ...