For updates visit


Indian Stock Market


Refex Refrigerants ends with 4.61% discount

Monday, August 20, 2007

Refex Refrigerants ended at Rs 62 on BSE, a discount of 4.61% over the IPO price of Rs 65.

The scrip debuted at Rs 69.10. It had touched a high of Rs 73.80 and a low of Rs 61.05.

On BSE, 60.67 lakh shares of the scrip were traded.

At the current market price of Rs 62, the scrip has a PE of 23.84, based on the year ended March 2007 annualised EPS of Rs 2.6.

Refex Refrigerants plans to utilise the net proceeds of the fixed-price, which closed on 26 July 2007, IPO to part finance its Rs 36.15-crore plan for expansion of the installed capacity of refrigerant gases from present 480 tonnes per annum (tpa) to 3,000 tpa.

Refex Refrigerants refills non-ozone depleting refrigerant gases, or hydrofluorocarbons (HFCs). Unlike CFC and other refrigerant gases, HFC is eco-friendly and does not harm the ozone layer. It is used in auto airconditioners, room airconditioners, refrigerators and refrigerating equipments.

Refex Refrigerants reported a net profit of Rs 3.92 crore on sales of Rs 51.29 crore in the year ended March 2007.

Posted by FR at 10:40 PM  

Catagories

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

IMPORTANT DISCLAIMER

Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.