Vijay Shanthi inks MoU for Rs 700 mn project

Vijay Shanthi Builders announced that it has yet again ventured in to a memorandum of understanding (MoU) for a Rs 700 million Project at Kilpauk located in the heart of Chennai city.

It further said that all its other projects have reported impressive sales.

The company operates in two segments: construction and mineral water manufacture.

The stock had underperformed the market over the past one month till Sep. 14, 2010, falling 9.74% compared with the Sensex`s 6.49% rise. It underperformed the market in past one quarter, gaining 10.05% as against 11.59% rise in the Sensex.

Shares of the company declined Rs 0.8, or 2.21%, to settle at Rs 35.35. The total volume of shares traded was 10,385 at the BSE (Wednesday).

Vijay Shanthi Builders builds on robust Q1 result

Vijay Shanthi Builders builds on robust Q1 result

Vijay Shanthi Builders gained 1.17% to Rs 39 at 11:20 IST on BSE, after net profit jumped 319.51% to Rs 1.72 crore on 207.48% surge in net sales to Rs 26.32 crore in Q1 June 2010 over Q1 June 2009.

The company declared its results after market hours on Thursday, 5 August 2010.
Meanwhile, the BSE Sensex was up 26.23 points, or 0.14% at 18,199.06.

On BSE, 8,176 shares were traded in the counter as against an average daily volume of 19,542 shares in the past one quarter.

The stock hit a high of Rs 40 and a low of Rs 39 so far during the day. The stock had hit a 52-week high of Rs 55.90 on 5 January 2010 and a 52-week low of Rs 22.50 on 13 August 2009.

The small-cap stock had outperformed the market over the past one month till 5 August 2010, gaining 15.94% as compared to the Sensex's return of 4.19%. It had underperformed the market in the past one quarter, declining 10.76% as compared to the Sensex's 6.35% rise.

The company has an equity capital of Rs 12.69 crore. Face value per share is Rs 10.

For more to know visit @ http://www.vijayshanthibuilders.com/