Jaipan Industries is all set to launch a series of hi-tech mobile phones on an online commerce platform.
Mumbai-based Jaipan Industries is all set to launch a series of hi-tech mobile phones on an online commerce platform. The company will be importing handsets from China.
Commenting on new launch, Chairman Jay Narayan Agarwal said, the handsets will take some time to take off. Going forward, he expected the company to grow at 20-25% in FY11. “We have already have tied up with several top companies for our products,” he added.
Jaipan Industries has touched an intraday high of Rs 38.80 and an intraday low of Rs 34.70. It closed Friday’s trade quoting at Rs 37.65, up Rs 4.60, or 13.92%.
Jaipan Inds stock price
On July 23, 2014, Jaipan Industries closed at Rs 12.00, down Rs 0.5, or 4 percent. The 52-week high of the share was Rs 14.50 and the 52-week low was Rs 6.90.
The company's trailing 12-month (TTM) EPS was at Rs 0.43 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 27.91. The latest book value of the company is Rs 17.68 per share. At current value, the price-to-book value of the company is 0.68.
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