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Feb 27, 2013, 11.21 AM IST | 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.

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 September 23, 2014, SMS Pharmaceuticals closed at Rs 554.70, down Rs 3.3, or 0.59 percent. The 52-week high of the share was Rs 585.00 and the 52-week low was Rs 155.00.


The company's trailing 12-month (TTM) EPS was at Rs 38.56 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 14.39. The latest book value of the company is Rs 262.02 per share. At current value, the price-to-book value of the company is 2.12.

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