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Empire Industries shares soar 10.26 percent

By SiliconIndia | Thursday, 07 July 2011, 04:18 Hrs

Empire Industries shares soar 10.26 percent

Bangalore: When the markets closed today, Empire industries stocks increased by 10.26 percent. After opening the day at

817.30, the stock touched the day's high of

938.00, before closing the day at

896.90. The previous close price was

813.45. Through the day 6 million shares were traded in the market with the current P/E ratio of 19.29. Empire Industries announced the payment of dividend of

20 per equity shares of

10 each for the financial year ended March 31, 2010. The 52 week stock chart is on the left

Empire Industries is engaged in the manufacture of amber glass bottles for the pharmaceutical industry. It represents a number of foreign manufacturers of precision machine tools, measuring instruments, electronic instruments and instrumentation systems.

The Company has six divisions: vitrum glass, empire machine tools-MFTM (metal forming, testing and metrology), empire machine tools-MCAT (metal cutting and allied technologies), empire industrial equipment, empire vending (GRABBIT) and empire foods. The Company's vitrum glass manufactures amber glass bottles for the pharmaceutical industry. The empire machine tools - MFTM (metal forming, testing and metrology) division is engaged in agency business covering sales, execution and services support high-tech machines in metal forming, metrology, assembly lines, welding, melting, heat treatment and process consultancy in the engineering industry

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