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Shares in Havells India has soared 11% to Rs 276 in otherwise subdued market on the Bombay Stock Exchange (BSE).
The stock of the company engaged in manufacturing electrical equipments is turned ex-stock split today. It subdivided the face value of equity shares to Re 1 from Rs 5.
The stock of the company engaged in manufacturing electrical equipments is turned ex-stock split today. It subdivided the face value of equity shares to Re 1 from Rs 5.
The company said it has fixed August 27, 2014 as record date for the purpose of sub-division of existing equity shares from every one (1) equity share of Rs 5 each into five (5) equity shares of Re 1 each.
The stock opened at Rs 249 (adjusted to stock split) and touched a high of Rs 280, also its record high on BSE.
The counter has seen huge trading volumes with a combined 2.66 million shares changed hands till noon deals against an average sub 300,000 shares that were traded daily in past two weeks before stock split on BSE and NSE.
