Hot Pursuit     28-Jun-10
Alembic spurts on restructuring plan
Alembic jumped 4.05% to Rs 48.80 at 10:11 IST after the company said its board will meet on Tuesday, 29 June 2010, to consider corporate re-organisation, including demerger.

No other details were disclosed. The announcement was made after market hours on Friday, 25 June 2010.

Meanwhile, the BSE Sensex was up 98.51 points, or 0.56%, to 17,673.04.

On BSE, 1.50 lakh shares were traded in the counter as against an average daily volume of 1.33 lakh shares in the past one quarter.

The stock hit a high of Rs 49.25 and a low of Rs 47.75 so far during the day. The stock had hit a 52-week high of Rs 56.25 on 24 September 2009 and a 52-week low of Rs 34.80 on 7 July 2009.

The small-cap drug maker has an equity capital of Rs 26.70 crore. Face value per share is Rs 2.

Alembic reported a net loss of Rs 0.22 crore in Q4 March 2010, much lower than a net loss of Rs 5.13 crore in Q4 March 2009. Net sales rose 4.1% to Rs 251.41 crore in Q4 March 2010 over Q4 March 2009.

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