Jindal Photo shares fall 9 percent


Jindal Photo shares fall 9 percent
Bangalore: Jindal Photo stock was among the top losers after its price fell by nearly 9 percent. After opening the day at 289, the stock touched its day's low of 259.20, before closing trade at 287.95, with a loss of 8.54 percent. Through the day, 523291 shares of Jindal Photo were traded in the market, with the P/E ratio of 20.09. The 52 week stock price chart is on the left. Jindal Photo is an India-based company. The Company is a manufacturer of photographic and allied products. The product range includes Color Roll Films,Cameras, Photographic Color Paper, Medical X-Ray Films and Equipments, Cine Color Positive Film, Photo Processing Equipments and Photographic Chemicals. The Company markets the products under the brand name FUJIFILM. The Company has its manufacturing plants located at Dadra and Jammu. It is also marketing the Fuji digital range of products. The digital product range being marketed in India includes Digital indentity (ID) Systems, Digital Cameras and Digitized Photographic Processing Equipments. Jindal Photo's wholly owned subsidiaries include India Fincap and Consolidated. In May 2009, the Company sold its interest in Jindal India Power Ventures. Out of 13 analysts following the stock, four are recommending to hold the stock. Consensus recommendation is to hold the stock.