Sudarshan Chemical Industries has zoomed 17% to Rs 1,175, extending its previous day’s rally, 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 company engaged in specialty chemicals business said that its board 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.
The board will also consider the unaudited financial result of the company for the quarter ended June 30, 2014, it added.
The stock is currently quoting at its fresh record high on the bourses, surging 40% in past two trading sessions from Rs 840 on the National Stock Exchange (NSE). A combined 44,400 shares already changed hands till noon deals as against an average sub 10,000 shares that were traded daily in past two weeks on NSE and BSE.
Meanwhile, the stock has outperformed the market by appreciating 186% so far in the current calendar year 2014 compared to 22% rise in benchmark CNX Nifty and 26% rise in CNX 500 index.
The company engaged in specialty chemicals business said that its board 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.
The board will also consider the unaudited financial result of the company for the quarter ended June 30, 2014, it added.
The stock is currently quoting at its fresh record high on the bourses, surging 40% in past two trading sessions from Rs 840 on the National Stock Exchange (NSE). A combined 44,400 shares already changed hands till noon deals as against an average sub 10,000 shares that were traded daily in past two weeks on NSE and BSE.
Meanwhile, the stock has outperformed the market by appreciating 186% so far in the current calendar year 2014 compared to 22% rise in benchmark CNX Nifty and 26% rise in CNX 500 index.