Hot Pursuit     18-Aug-09
Bonus plan ignites Numeric Power
Numeric Power Systems was locked at 20% upper limit at Rs 446.20 at 12:13 IST on BSE after it said its board will meet on 22 August 2009 to consider issue of bonus shares.

The company announced the board meet during trading hours today, 18 August 2009.

Meanwhile, the BSE Sensex was up 255.10 points, or 1.73%, to 15,040.02.

On BSE, 9,262 shares were traded in the counter. The stock had an average daily volume of 1,783 shares in the past one quarter.

The stock hit a high of Rs 446.20 and a low of Rs 372 so far during the day. The stock hit a 52-high of Rs 631 on 8 September 2008 and a 52-week low of Rs 130 on 13 March 2009.

The small-cap stock had outperformed the market over the past one month till 17 August 2009, rising 1.57% as compared to the Sensex's 0.27% rise. It had also outperformed the market in the past one quarter, gaining 48.18% as compared to the Sensex's return of 21.45%.

The company's current equity is Rs 5.05 crore. Face value per share is Rs 10.

The current price of Rs 446.20 discounts the company's Q1 June 2009 annualized EPS of Rs 63.84, by a PE multiple of 6.99.

Numeric Power Systems' net profit fell 37.4% to Rs 8.06 crore on 2% rise in net sales to Rs 91.12 crore in Q1 June 2009 over Q1 June 2008.

Numeric Power Systems is India's number one uninterrupted power supply (UPS) company, providing clean power through its total power management solutions.

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