Bear of the Day: Stock that hit lower circuit in trade

6790 Investors following Allied Digital. Share this News with them.

0

Like this story, share it with millions of investors on M3

Bear of the Day: Stock that hit lower circuit in trade

Allied Digital Services tumbled 19.97% or Rs 31.90 to end at Rs 127.85. It touched a 52-week low of Rs 127.85. It touched an intraday high of Rs 158.50 and an intraday low of Rs 127.85.

Post your opinion here

 

0

Tweet

Share on Tumblr

Shares of Allied Digital Services tumbled 19.97% or Rs 31.90 to end Friday's trade at Rs 127.85 on the BSE, which is also the stocks 52-week low. It touched an intraday high of Rs 158.50 and an intraday low of Rs 127.85. The share has slipped 34.87% in last one month.

There were pending sell orders of 114,519 shares, with no buyers available. The total traded volumes were of 772,817 shares. 

What's bothering Allied?

The IT services provider posted poor third quarter numbers. For the quarter ended December 2010, the company posted net profit of Rs. 197.7mn as compared to Rs. 271.7mn for the quarter ended December 2009. Meanwhile the net sales came in at Rs. 1758.5mn as compared to Rs. 1788.5mn for the quarter ended December 2009.

EPS stood at Rs. 4.25 as against Rs. 6.24 or the quarter ended 31st December 2009..

Furthermore, there were source-based reports on CNBC-TV18 about Income Tax (IT) Department raids on the company's premises. The raid is linked to alleged bogus expenditure. The operations include raid of over 10 premises in Mumbai and Solan, the report said.

More on the company

The company's trailing 12-month (TTM) EPS was at Rs 25.46 per share.  The stock's price-to-earnings (P/E) ratio was 5.02. The latest book value of the company is Rs 136.60 per share. At current value, the price-to-book value of the company was 0.94. The dividend yield of the company was 0.78%.

Peer comparison: