Elgi Equipments rose by 0.34 per cent to close the day at Rs 32.90. The company announced that its board of directors will be meeting to consider an interim dividend and audited financial results for the second quarter of FY09.
The stock hit an intraday low of Rs 31.20, with a trading volume of 1,385 shares and a delivery volume of 93 per cent. The stock touched a 52-week high of Rs 94.8 on April 1 and a low of Rs 31.20 on October 20. The stock currently offers a dividend yield of about 3.5 per cent.