Sudarshan Chemical Industries jumped 14.69% to Rs 966.80 at 12:49 IST on BSE, after the company scheduled a board meeting to consider stock-split and issue of bonus shares.
The company made the announcement before market hours today, 4 August 2014.
Meanwhile, the BSE Sensex was up 131.20 points, or 0.51% at 25,612.04
On BSE, so far 4,062 shares were traded in the counter as against an average daily volume of 1,261 shares in the past one quarter.
The stock hit a record high of Rs 1,011 in intraday trade today, 4 August 2014. The stock hit a low of Rs 903 so far during the day. The stock had hit a 52-week low of Rs 275.05 on 6 August 2013.
The small-cap stock outperformed the market over the past one month till 1 August 2014, rising 15.38% compared with 0.14% fall in the Sensex. The scrip had also outperformed the market in past one quarter, surging 46.65% as against Sensex's 13.66% rise.
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The company has an equity capital of Rs 6.92 crore. Face value per share is Rs 10.
Sudarshan Chemical Industries said that the company's board of directors will consider stock-split and issue of bonus shares along with Q1 June 2014 on 9 August 2014.
Sudarshan Chemical Industries' net profit fell 7.2% to Rs 5.18 crore on 29.2% increase in net sales to Rs 266.12 crore in Q4 March 2014 over Q4 March 2013.
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