Zodiac-JRD-MKJ sparkles on valuation date news

DALAL STREET SPIKES

Zodiac-JRD-MKJ surged 12.06 per cent to Rs 45.05 on BSE after the company announced a meeting, to be held on March 4, 2008, for considering the valuation report under the scheme of amalgamation with MKJ Jewellery. Over 1.11 lakh shares of Zodiac were traded on the BSE.

The counter had witnessed volumes of 17,261 shares in the past one quarter. Its net profit rose 42 per cent to Rs 0.37 crore on 11.3 per cent growth in net sales to 2.56 crore in Q3 December 2007 over Q3 December 2006.

The company's principal activity involves polishing and marketing diamonds and jewellery.