 "Sasken Communication gains ahead of board meet for special dividend")
Sasken Communication Technologies is trading 4% at Rs 276, extending its Friday’s 7% rally on BSE, ahead of its board meeting today to consider a proposal for payment of special dividend.
The stock opened at Rs 271 and hit a high of Rs 278 on BSE. A combined around 82,000 shares changed hands on the counter in early morning deals on BSE and NSE.
Earlier, at the start of the current calendar year, the mid-sized IT consulting and software firm had paid interim dividend of Rs 22.50 per share on face value of Rs 10 each.
Meanwhile, the stock had dipped 22% from Rs 316 on September 23 to Rs 248 on Thursday, after the company said Mr. Anjan Lahiri, whole time director & chief executive officer (CEO) has resigned from the services of the company and consequently from the board of directors effective September 23, 2014.
The stock opened at Rs 271 and hit a high of Rs 278 on BSE. A combined around 82,000 shares changed hands on the counter in early morning deals on BSE and NSE.
Earlier, at the start of the current calendar year, the mid-sized IT consulting and software firm had paid interim dividend of Rs 22.50 per share on face value of Rs 10 each.
Meanwhile, the stock had dipped 22% from Rs 316 on September 23 to Rs 248 on Thursday, after the company said Mr. Anjan Lahiri, whole time director & chief executive officer (CEO) has resigned from the services of the company and consequently from the board of directors effective September 23, 2014.