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STOCKS IN THE NEWS

The stock appreciated more than 35 per cent in the last one week to hit an all-time high of Rs 488.80, after the company reported strong results for the year ended March 2007.

The company has posted 49 per cent jump in its net profit to Rs 17.02 crore in FY '07, compared with Rs 11.39 crore in FY '06. Net sales of the company shot up 34 per cent to Rs 135.94 crore, from Rs 101.18 crore in the previous year.

The company, which had churned out revenues of Rs 7 crore in its first year of operations in 1995, has reported revenues of Rs 137 crore in FY07. It has 14000 outlets, out of which 3000 are in strategic locations.

The stock closed at Rs 470.90 on Friday, May 11 from a week-ago price of Rs 339.20 on BSE. The combined volume of the stocks increased 40-fold with 2.48 crore equity shares changing hands last week on the BSE and NSE, compared with 7.72 lakh shares traded in the previous week.