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Apcotex Industries gains after fixing record date for bonus issue

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Capital Market
Last Updated : Sep 17 2015 | 12:01 AM IST

Apcotex Industries rose 1% to Rs 554 at 13:58 IST on BSE after the company fixed 24 September 2015 as record date for the purpose of ascertaining the names of the shareholders who would be entitled to receive bonus shares.

The company announced the record date during market hours today, 16 September 2015.

Meanwhile, the BSE Sensex was up 274.42 points, or 1.07%, to 25,980.35

On BSE, so far 21,000 shares were traded in the counter, compared with an average volume of 4,398 shares in the past two weeks.

The stock hit a high of Rs 566 and low of Rs 543.50 so far during the day.

The stock hit a 52-week high of Rs 721.40 on 28 July 2015. The stock hit a 52-week low of Rs 309.95 on 26 September 2014.

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The small-cap company has face value per share of Rs 5.

Apcotex Industries has fixed 24 September 2015 as record date for the purpose of ascertaining the names of the shareholders who would be entitled to receive one bonus share for each share held in the company. Apcotex Industries' net profit rose 5.9% to Rs 6.10 crore on 34.8% fall in sales to Rs 66.67 crore in Q1 June 2015 over Q1 June 2014.

Apcotex Industries is one of the leading producers of performance emulsion polymers in India. its product range includes VP latex, carboxylated and non-carboxylated SB latexes, acrylic latexes, nitrile latex and synthetic rubber.

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First Published: Sep 16 2015 | 2:05 PM IST

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