Amar Remedies board approves additional fund raising

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Amar Remedies board approves additional fund raising

Amar Remedies board has approved additional fund raising of upto USD 90 million via GDR / ADR/QIP issue, reports CNBC-TV18.

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Amar Remedies board has approved additional fund raising of upto USD 90 million via GDR / ADR/QIP issue, reports CNBC-TV18.

The stock has touched a 52-week high of Rs 157.70. At 10:55 hrs the share was quoting at Rs 155.60, up Rs 4.35, or 2.88%.
 
It was trading with volumes of 32,952 shares. In the previous trading session, the share closed up 0.36% or Rs 0.55 at Rs 151.25.

The company's trailing 12-month (TTM) EPS was at Rs 14.14 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 11. The latest book value of the company is Rs 82.10 per share. At current value, the price-to-book value of the company was 1.9. The dividend yield of the company was 0.64%.