Bull of the Day: Stock that doubled in three months

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Bull of the Day: Stock that doubled in three months

Leading networking firm Smartlink Network Systems has surged 104.80% in the last three months.

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Smartlink Net BSE | NSE 30/05/12 Are Mutual Funds betting on Smartlink Net? Other Stocks in this news CMC | Redington (India) | S Mobility | HCL Infosystems | Moser Baer (India) | Compuage Infocom | TVS Electronics | MRO-TEK | Zenith Computers |

Leading networking firm Smartlink Network Systems has surged 104.80% in the last three months. The company announced its Q4 earnings after trading hours yesterday. It recommended a dividend of Rs  2 per equity share for the financial year 2010-11. The Board of Directors also declared a special interim dividend of Rs 30 per share. Today, the scrip touched a 52-week high of Rs 100.60.

Today's stock performance:

The share gained 19.68% or Rs 16.50 to end at Rs 100.35 on the BSE. It touched an intraday high of Rs 100.60 and an intraday low of Rs 92. There were pending buy orders of 43,484 shares, with no sellers available. The total traded volumes were of 2,023,408 shares. Its market capitalisation stood at Rs 301.85 crore.

The company's trailing 12-month (TTM) EPS was at Rs 4.96 per share. The stock's price-to-earnings (P/E) ratio was 20.28. The latest book value of the company is Rs 51.59 per share. At current value, the price-to-book value of the company is 1.95. The dividend yield of the company is 2.49%.

Recent news:

The company recently completed the sale of its Digilink business to Schneider Electric India for Rs 503 crore.

FY11 results:

The company's revenue was up 13% at Rs 195 crore versus Rs 173 crore. Its profit after tax (PAT) was down 5.6% at Rs 24 crore versus Rs 33 crore. Its total expenditure was up 18% at Rs 179 crore versus Rs 152 crore.

Also read: Smartlink Network FY11 PAT down 5.6% at Rs 24 cr

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