Hikal gains ahead of board meet for stock split

The board will meet on December 17 to consider stock split

Shares of Hikal were up over 6% at Rs 745 after the company said that its board will meet on December 17, 2014 to consider stock split of equity shares.

The total paid-up equity capital of the company is Rs 16.44 crore comprising of 164.40 lakh shares of face value Rs 10/- each. Promoters held 68.77% stake in the company as of September 2014, shareholding data on the BSE showed.

The stock opened at Rs 720 and touched a high of 783 on the BSE. At 12:50PM, over 75,000 shares were trade on the stock exchanges.