 "Astral Poly Technik hits new high ahead of board meet")
Astral Poly Technik is trading 3% higher at Rs 821 on BSE ahead of board meeting on Monday to fix the record date for stock split from Rs 2 to Re 1 each.
Shares of plastic products maker has opened at Rs 800 and hit a record high of Rs 825 on BSE. A combined 34,437 shares changed hands on the counter till noon deals on BSE and NSE.
“The board of directors of the company will meet on August 25, 2014, to fix the record date for the purpose of sub-division of face value of equity shares from Rs 2 each to Rs 1 each,” Astral Poly Technik said in a statement.
Earlier, in September last year, the company had split face value of equity shares from Rs 5 to Rs 2.
Since September 5, 2013 (ex-stock split date), the stock outperformed the market by surging 273% from Rs 220 against 39% rise in benchmark S&P BSE Sensex during the period.
Shares of plastic products maker has opened at Rs 800 and hit a record high of Rs 825 on BSE. A combined 34,437 shares changed hands on the counter till noon deals on BSE and NSE.
“The board of directors of the company will meet on August 25, 2014, to fix the record date for the purpose of sub-division of face value of equity shares from Rs 2 each to Rs 1 each,” Astral Poly Technik said in a statement.
Earlier, in September last year, the company had split face value of equity shares from Rs 5 to Rs 2.
Since September 5, 2013 (ex-stock split date), the stock outperformed the market by surging 273% from Rs 220 against 39% rise in benchmark S&P BSE Sensex during the period.