C Mahendra Exports should do Rs 120cr PAT this yr: Udayan

CNBC-TV18’s managing editor Udayan Mukherjee finds that even though it is an unremarkable company, it’s a medium sized diamond jewellery manufacturer and should do more than Rs 100-120 crore in PAT this year.

January 20, 2011 / 11:05 IST
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Diamond jewellery player C Mahendra Exports has certainly been a mover after listing on the bourses. On the National Stock Exchange, the shares opened at Rs 114, a premium of Rs 4 over issue price of Rs 110. On the Bombay Stock Exchange, the stock started at Rs 111 and was trading at Rs 117.05 as against the issue price. Total traded volume on both exchanges in initial trade was at 98,02,173 equity shares while issue size was at 150 lakh shares.

CNBC-TV18
first published: Jan 20, 2011 10:00 am

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