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%.
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SMS Pharma stock price
On November 24, 2015, SMS Pharmaceuticals closed at Rs 876.25, up Rs 16.00, or 1.86 percent. The 52-week high of the share was Rs 889.25 and the 52-week low was Rs 351.10.
The company's trailing 12-month (TTM) EPS was at Rs 46.78 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 18.73. The latest book value of the company is Rs 300.95 per share. At current value, the price-to-book value of the company is 2.91.
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