India News
Profit booking halts maniac rally in Fame India
Wednesday, 24, Feb 2010
Meanwhile, the BSE Sensex was down 40.35 points, or 0.25%, to 16,371.55 On BSE, 3.54 lakh shares were traded in the counter with pending sell orders of 13,716 shares at maximum limit. The counter clocked an average daily volume of 4.09 lakh shares in the past one quarter. The stock hit a 52-week high of Rs 95.25 in intra-day trade today, 24 February 2010. The stock hit a low of Rs 86.25 so far during the day. The stock had hit a 52-week low of Rs 8.75 on 13 March 2009.Shares of Fame India have been on a roll recently advancing 127.15% to Rs 90.75 on 23 February 2010 from a recent low of Rs 39.95 on 29 January 2010.
The buying momentum was high with the stock remaining locked in the 5% upper circuit in all the 17 trading days.The stock outperformed the market over the past one month till 23 February 2010, rising 100.77% as compared to the Sensex's 3.40% fall. It had also outperformed the market in the past one quarter, surging 200% as compared to the Sensex's decline of 5.20%.The small-cap cinema chain operator has an equity capital of Rs 34.80 crore. Face value per share is Rs 10. The current price of Rs 86.25 discounts the company's Q3 December 2009 annualised EPS of Rs 7.90, by a PE multiple of 10.91.