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Aptech gallops on strong Q4 results, buyback plan

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Capital Market
Last Updated : May 14 2013 | 1:30 PM IST

The result was announced after market hours on Monday, 13 May 2013.

Meanwhile, the BSE Sensex was up 97.44 points, or 0.49%, to 19,789.11.

On BSE, 12.79 lakh shares were traded in the counter as against an average daily volume of 1.88 lakh shares in the past one quarter.

The stock hit a high of Rs 65.80 and a low of Rs 62.20 so far during the day. The stock had hit a 52-week high of Rs 81.90 on 5 July 2012. The stock had hit a 52-week low of Rs 40.15 on 22 March 2013.

The stock outperformed the market over the past one month till 13 May 2013, rising 28.49% compared with the Sensex's 7.94% gain. The scrip had also outperformed the market in past one quarter, gaining 15.07% as against Sensex's 0.43% rise.

The small-cap IT training provider has equity capital of Rs 48.79 crore. Face value per share is Rs 10.

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On consolidated basis, Aptech reported 58.8% fall in net profit to Rs 31.30 crore on 3% fall in net sales to Rs 169.21 crore in the year ended March 2013 over the year ended March 2012.

Aptech's board of directors at its meeting held on 13 May 2013, approved buyback of equity shares from the open market upto 25% of the capital and free reserve of the company as per the audited accounts as on 31 March 2013. The maximum price of buyback of shares will be upto Rs 82 per share and the aggregate consideration for buyback will be upto Rs 64.66 crore, the company said.

Aptech said the company's board of directors at its meeting held on 13 May 2013, has recommended declaration of final dividend of Rs 2.50 per share. Earlier, the board of directors in its meeting held on 22 January 2013 had declared and paid an interim dividend of Rs 1.50 per share. The total dividend, accordingly, aggregate to Rs 4 per share for the financial year ended 31 March 2013.

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First Published: May 14 2013 | 12:24 PM IST

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