Nelcast Limited has moved higher by 12% to Rs 106 after the company said its board will consider stock spit of its equity shares.
“A meeting of the board of directors of the company will be held on June 20 to consider sub-division of equity shares of the company (stock-split), subject to the approval of shareholders,” the industrial products maker said in a filing to the stock exchanges.
The stock opened at Rs 94.10 and touched a high of Rs 109 on the NSE. A total of 106,811 shares have changed hands on the counter till 1035 hours.