The company made this announcement during trading hours today, 27 December 2007.

Meanwhile, BSE Sensex was up 58.17 points or 0.29% to 20,250.69.

On BSE 2.34 lakh shares were traded in the counter. The stock had an average daily volume of 1.02 lakh shares in the past one quarter.

The stock hit a high of Rs 32.35 and a low of Rs 29.70 so far during the day. The stock hit a 52-week high of Rs 44.40 on 12 July 2007 and a 52-week low of Rs 13.08 on 27 December 2006.

The small-cap scrip had outperformed the market over the past one month till 26 December 2007, gaining 20.61% as compared to the Sensexs return of 5.57%. It had underperformed the market in the past one quarter, declining 6.43% as compared to the Sensexs rise of 17.74%.

The companys current equity is Rs 3.85. Face value per share is Rs 5.

The current price of Rs 31.80 discounts Q2 September 2007 annualized EPS of Rs 4.35, by a PE multiple of 7.31.

The company is planning to start agri-farming on this land with technology from Israel.

DMC Internationals net profit rose 223.1% to Rs 0.42 crore on 1320% to Rs 2.84 crore in Q2 September 2007 over Q2 September 2006.

DMC International is engaged in real estate development.

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