Deepak Nitrite has rallied 9% to Rs 578 after the company said its board has recommended issuance of bonus shares in the ratio of one bonus share for every one equity share held.
The board also approved sub-division of equity share of the company of face value of Rs 10 each into 5 equity shares of face value of Rs 2, Deepak Nitrite said in a statement.
Meanwhile, the commodity chemicals maker has reported a 68% year-on-year (yoy) jump in net profit at Rs 15.86 crore for the quarter ended March 31, 2014, on the back of higher operational income. The company had reported a profit of Rs 9.42 crore during the same quarter a year ago.
The board has recommended a dividend of 100% or Rs 10 per equity share of face value of Rs 10 each for the year ended March 31, 2014 on the existing equity share capital, it added.
The stock opened at Rs 565 and hit a record high of Rs 601 on the NSE. Till noon deals, a combined 114,490 shares have changed hands on the counter on the NSE and BSE.
The board also approved sub-division of equity share of the company of face value of Rs 10 each into 5 equity shares of face value of Rs 2, Deepak Nitrite said in a statement.
Meanwhile, the commodity chemicals maker has reported a 68% year-on-year (yoy) jump in net profit at Rs 15.86 crore for the quarter ended March 31, 2014, on the back of higher operational income. The company had reported a profit of Rs 9.42 crore during the same quarter a year ago.
The board has recommended a dividend of 100% or Rs 10 per equity share of face value of Rs 10 each for the year ended March 31, 2014 on the existing equity share capital, it added.
The stock opened at Rs 565 and hit a record high of Rs 601 on the NSE. Till noon deals, a combined 114,490 shares have changed hands on the counter on the NSE and BSE.
