Meanwhile, BSE Sensex was up 15.26 points or 0.08% to 20,208.

On BSE 74,208 shares were traded in the counter, with pending buy orders of 3453 shares at 5% circuit limit. The scrip had an average daily volume of 72806 shares in the past one quarter.

The stock hit a high of Rs 555.20 and low of Rs 539 so far during the day. The stock had a 52-week high of Rs 570 on 17 December 2007 and 52-week low of Rs 94 on 12 March 2007.

The small-cap scrip had outperformed the market over the past one month till 26 December 2007, surging 64.05% as compared to the Sensexs return of 5.57%. It had also outperformed the market in the past one quarter, gaining 18.05% as compared to the Sensexs rise of 17.74%.

The companys current equity is Rs 14.50 crore. Face value per share is Rs 10.

The current price of Rs 555.20 discounts Q2 September 2007 annualized EPS of Rs 16.63 by a PE multiple of 33.38.

As per reports, XL Telecom & Energy's subsidiary Saptashva Solar, will set up a series of solar farms in Spain and Portugal with an investment of Rs 1,000 crore.

The target capacity for the first year is 28 megawatt. The project would have a 25-year power purchase agreement with a local utility company. The first solar farm of 2.3 megawatt would be implemented before March 2008 and the remaining before the end of the next calendar year.

XL Telecom & Energys net profit rose 45.3% to Rs 6.03 crore on 23.7% growth in net sales to Rs 150.59 crore in Q1 September 2007 over Q1 September 2006.

XL Telecom is mainly engaged in manufacturing solar photovoltaic panels.

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