The company fixed the record date after trading hours on Tuesday, 9 September 2008.

Meanwhile, the BSE Sensex was down 91.67 points, or 0.62%, to 14,809.09.

On BSE, 401 shares were traded in the counter. The stock had an average daily volume of 2,731 shares in the past one quarter.

The stock hit a high of Rs 2600 and a low of Rs 2500 so far during the day. The stock has a 52-week high of Rs 5039.85 on 31 October 2007 and a 52-week low of Rs 2301 on 9 June 2008.

The mid-cap stock had underperformed the market over the past one month till 9 September 2008, declining 6.69% as compared to the Sensexs decline of 1.76%. It had outperformed the market in the past one quarter, gaining 3.14% as compared to the Sensexs decline of 1.10%.

The companys current equity is Rs 11.90. Face value per share is Rs 10.

The current price of Rs 2600 discounts Q1 June 2008 annualized EPS of Rs 383.09, by a PE multiple of 6.79.

Madras Cements net profit rose 13.3% to Rs 113.97 crore on 31% growth in net sales to Rs 614.97 crore in Q1 June 2008 over Q1 June 2007.

The company is engaged in manufacturing cements. The product includes blended cement, ready-mix concrete and dry mortar mix. The company also generates power from windmills.

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