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Astral Poly Technik gains as board to consider stock-split

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Capital Market
Last Updated : Apr 25 2014 | 11:56 PM IST

Astral Poly Technik rose 1.3% to Rs 547.45 at 11:06 IST on BSE after the company said its board of directors will meet on 3 May 2014, to consider sub-division of equity shares of the company.

The announcement was made on Thursday, 24 April 2014. The stock market was closed that day, on account of Parliamentary elections in Mumbai constituency.

Meanwhile, the S&P BSE Sensex was down 28.30 points or 0.12% at 22,848.24.

On BSE, so far 7,370 shares were traded in the counter as against average daily volume of 13,000 shares in the past two weeks.

The stock hit a high of Rs 561.90 and a low of Rs 535 so far during the day.

Astral Poly Technik's net profit jumped 100.9% to Rs 21.32 crore on 28.4% growth in net sales to Rs 264.96 crore in Q3 December 2013 over Q3 December 2012.

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Astral Poly Technik manufactures CPVC plumbing systems for both residential and industrial applications, and also ASTM solvent weld lead free PVC plumbing systems.

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First Published: Apr 25 2014 | 11:07 AM IST

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