Classic Diamonds sparkles on setting record date for stock split - Dec 26 10:39

Meanwhile, BSE Sensex was up 112.56 points or 0.57% to 19,966.68.

On BSE 6,662 shares were traded in the counter. The stock had an average daily volume of 14,382 shares in the past one quarter.

The stock hit a high of Rs 560 so far during the day, which is a record high. The stock touched a low of Rs 499 so far during the day. The stock hit a 52-week low of Rs 314 on 8 March 2007.

The small-cap scrip had underperformed the market over the past one month till 24 December 2007, gaining 0.81% as compared to the Sensex's return of 5.31%. It had also underperformed the market in the past one quarter, rising 0.43% as compared to the Sensex's rise of 17.48%.

The company's current equity is Rs 7. Face value per share is Rs 10.

The current price of Rs 520 discounts Q2 September 2007 annualized EPS of Rs 43.94 PE multiple of 11.83.

The company has fixed 18 January 2008 as the record date for stock split. The company made this announcement during trading hours today, 26 December 2007.

Classic Diamonds India's net profit rose 9.7% to Rs 7.69 crore on 11.8% growth in net sales to Rs 175.25 crore in Q2 September 2007 over Q2 September 2006.

The company is engaged in manufacturing and selling jewellery. It operates in two segments viz. diamonds and jewellery. The products of the company include cut and polished diamonds, studded gold jewellery and rough diamonds. The company exports to the United States and Europe.