Geometric shares surge nearly 8% on dividend announcement

Shares of IT firm Geometric surged nearly 8 per cent today after the company declared interim dividend for the financial year 2015-16.
The stock climbed 7.82 per cent to Rs 193.60 on BSE.
At NSE, shares of the company soared 7.75 per cent to Rs 193.80.
On the volume front, 4.75 lakh shares of the company changed hands at BSE and over 22 lakh shares were traded at NSE during the day.
Geometric Ltd had yesterday informed BSE that the Board of Directors of the company have considered and declared interim dividend for the financial year 2015-16 at a rate of 150 per cent or Rs 3 per equity share.

The interim dividend shall be payable on and from March 30, the company had said in a BSE filing.