Feb 27, 2013, 11.21 AM IST
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 December 11, 2013, SMS Pharmaceuticals closed at Rs 170.00, up Rs 0.00, or 0.00 percent. The 52-week high of the share was Rs 270.50 and the 52-week low was Rs 152.00.
The company's trailing 12-month (TTM) EPS was at Rs 50.63 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 3.36. The latest book value of the company is Rs 286.48 per share. At current value, the price-to-book value of the company is 0.59.
Action in SMS Pharmaceuticals
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