Camlin Fine Sciences has surged 18% to Rs 131 after announcing sub-division of its equity shares.
“The board of directors of the company will meet on November 10 to consider and approve sub-division of the company's equity shares of Rs 10 each into equity shares of Rs 2 each, subject to approval of the shareholders," the company said in a filing to the stock exchanges.
The board will also to take on record the un-audited financial results for the second quarter ended on September 30, 2011, it added.
The stock opened at Rs 112 and hit a new high of Rs 134 on the Bombay Stock Exchange. As many as 52,722 shares have already changed hands on the counter till 1101 hours, against an average less than 7,000 shares traded daily in the past two weeks.