 "Sudarshan Chemical zooms 16% on bonus issue, stock split plan")
Sudarshan Chemical Industries has zoomed 16% to Rs 975 after the company announced that the board will consider maiden bonus issue and stock split of face value of equity shares from Rs 10 to lower denominations.
“The board of directors of the company will meet on August 09, 2014, to consider sub-division of the face value of the equity shares of the company and issue of bonus shares” Sudarshan Chemicals Industries said in a statement.
The board will also consider the unaudited financial result of the company for the quarter ended June 30, 2014, it added.
The stock opened at Rs 919 and touched a record high of Rs 1,011 on BSE. A combined 12,030 shares changed hands on the counter so far on BSE and NSE.
“The board of directors of the company will meet on August 09, 2014, to consider sub-division of the face value of the equity shares of the company and issue of bonus shares” Sudarshan Chemicals Industries said in a statement.
The board will also consider the unaudited financial result of the company for the quarter ended June 30, 2014, it added.
The stock opened at Rs 919 and touched a record high of Rs 1,011 on BSE. A combined 12,030 shares changed hands on the counter so far on BSE and NSE.