SMS Pharma hits 52-week high on buyback proposal

Shares of SMS Pharmaceuticals gained nearly 10 percent in early trade to touch a 52-week high of Rs 239.95 on Wednesday after the board of directors approved buy-back proposal worth Rs 46.5 crore (not exceeding 15,50,000 number of shares) at Rs 300 per share yesterday.
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Feb 27, 2013, 11.21 AM | Source: Moneycontrol.com

SMS Pharma hits 52-week high on buyback proposal

Shares of SMS Pharmaceuticals gained nearly 10 percent in early trade to touch a 52-week high of Rs 239.95 on Wednesday after the board of directors approved buy-back proposal worth Rs 46.5 crore (not exceeding 15,50,000 number of shares) at Rs 300 per share yesterday.

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SMS Pharma hits 52-week high on buyback proposal

Shares of SMS Pharmaceuticals gained nearly 10 percent in early trade to touch a 52-week high of Rs 239.95 on Wednesday after the board of directors approved buy-back proposal worth Rs 46.5 crore (not exceeding 15,50,000 number of shares) at Rs 300 per share yesterday.

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Shares of SMS Pharmaceuticals gained nearly 10 percent in early trade to touch a 52-week high of Rs 239.95 on Wednesday after the board of directors approved buy-back proposal worth Rs 46.5 crore (not exceeding 15,50,000 number of shares) at Rs 300 per share yesterday.

The company said the buyback was proposed to be carried out from open market through the Bombay Stock Exchange and the National Stock Exchange.

At 10:49 hours IST, shares rallied 5.51 percent to Rs 230.85 amid hefty volumes on Bombay Stock Exchange., up Rs 12.05, or 5.51%.
 
Market capitalisation of the company currently stands at Rs 231.20 crore.

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SMS Pharma stock price

On April 29, 2016, SMS Pharmaceuticals closed at Rs 94.55, up Rs 1.35, or 1.45 percent. The 52-week high of the share was Rs 1038.00 and the 52-week low was Rs 72.00.


The company's trailing 12-month (TTM) EPS was at Rs 4.61 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 20.51. The latest book value of the company is Rs 30.09 per share. At current value, the price-to-book value of the company is 3.14.

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