Super Tannery soars on stock split proposal: IBulls Dec 26 10:17

The company made this announcement after trading hours on Monday, 24 December 2007.

Meanwhile, BSE Sensex was up 71.35 points or 0.36% to 19,925.47.

On BSE 13,475 shares were traded in the counter. The stock had an average daily volume of 5,284 shares in the past one quarter.

The stock hit a high of Rs 60 so far during the day, which is a 52-week high. The stock touched a low of Rs 57 so far during the day. The stock hit a 52-week of Rs 31.35 on 12 July 2007.

The small-cap scrip had outperformed the market over the past one month till 24 December 2007, gaining 31.80% as compared to the Sensex's return of 5.31%. It had also outperformed the market in the past one quarter, rising 27.41% as compared to the Sensex's rise of 17.48%.

The company's current equity is Rs 3.60. Face value per share is Rs 10.

The current price of Rs 58.25 discounts Q2 September 2007 annualized EPS of Rs 5.70 PE multiple of 10.22.

Super Tannery India' net profit declined 43.3% to Rs 0.51 on a 14% growth in net sales to Rs 53.08 crore in Q2 September 2007 over Q2 September 2006.

The company's principal activity is to manufacture and market leather chrome, soles, garments, shoe uppers, shoes and other leather related products.