Varun Industries stocks leap 11.56 percent

Bangalore: When the markets closed today, Varun Industries stocks took a leap of 11.56 percent. After opening the day at Rs. 196.95, the stock touched the day's high of Rs. 221.40, before closing the day at Rs. 218.60. The previous close price was Rs. 195.95. Through the day 29.11 million shares were traded in the market with the current P/E ratio of 13.57. The company had recommended a dividend of Rs. 1.80 per equity share on 2,91,13,945 equity shares of Rs. 10 each (i.e. 18 percent) absorbing a sum of Rs. 609.07 lakh(Rs. 6.0907 million) including tax on dividend of Rs. 85.01 lakh (Rs. 8.501 million) for the year ended March 31. 2011. The 52 week stock chart is on the left

Varun Industries is a manufacturer and exporter of stainless steel cookware, houseware, kitchenware and tableware. The Company conglomerate with several associate companies and multidimensional business interests that include energy-oil, natural gas, uranium and wind, mining, gems and jewelry, agro products and trading.

It has three segments: merchandise sale, petroleum and wind power. Its projects include stainless steel kitchenware/house ware manufacturing plant and warehouse project, power generation, iron ore mining, oil and natural gas and uranium prospects. Its petroleum division offers integrated services for all phases upstream, midstream and downstream and also tailor made solutions in the field of oil, drilling and work over services on outsourced or collaborative basis.