Hinduja Global Solutions was locked at its 20% upper circuit with buy oders for 9,641 shares pending. The counter witnessed trades of 18,077 shares throughout the day.
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Updated at 1126 Hrs
Hinduja Global Solutions has zoomed 20% to its upper circuit on good Q4 numbers and proposed handsome payout.
The stock opened at Rs 180, up 5.5%, and then soon surged to it's 20% upper circuit of Rs 205.65. The stock is currently locked at the same 20% upper limit level with pending buy orders for over 12,300 shares on the BSE. The counter has witnessed comparatively heavy trading volumes of 17,761 shares as against the two-week daily traded average of 5,616 shares.
The company has informed the BSE that the net profit has increased 50% to Rs 36.05 crore in Q4FY09 as against Rs 24.12 crore in the corresponding quarter a year ago. The net sales has moved up 26% to Rs 218.27 crore in the fourth quarter last fiscal when compared to Rs 173.45 crore in quarter ended March 31, 2008.
Further the board has proposed a handsome dividend of Rs 15 per share (150%) on the face value of Rs 10 per share.
