The company announced this after market hours on 12 August 2008.

Meanwhile, the BSE Sensex was down 9.21 points, or 0.06%, to 15,202.70 on weak global cues. US stocks fell on Tuesday, 12 August 2008, as bank shares tumbled on fresh worries about the economy and further losses stemming from the mortgage crisis.

On BSE, 1.67 lakh shares were traded in the counter. The scrip had an average daily volume of 1.01 lakh shares in the past one quarter.

The stock hit a high of Rs 40.45 and a low of Rs 37.20 so far during the day. The stock had hit a 52-week high of Rs 118.65 on 3 January 2008 and a 52-week low of Rs 28.50 on 2 July 2008.

The small-cap infrastructure development firm had underperformed the market over the past one month till 12 August 2008, falling 2.11% compared to the Sensex’s return of 12.93%. It had also underperformed the market in the past one quarter, declining 24.44% compared to Sensex’s decline of 9.78%.

The company has an equity capital of Rs 82.62 crore. Face value per share is Rs 10.

The current price of Rs 39.60 discounts its Q1 June 2008 annualised EPS of Rs 0.14, by a PE multiple of 282.85.

The company plans to raise money through international issue of global depository receipts/ foreign currency convertible bonds or through local/international issue of debt/bonds and/or equity on a preferential allotment basis.

The company’s net profit fell 97% to Rs 0.28 crore on 99.4% decline in sales to Rs 0.17 crore on other income of Rs 1.18 crore in Q1 June 2008 over Q1 June 2007.

BSEL Infrastructure Realty is into real estate, property and infrastructure development.