India Nippon Electricals surges 10% on stock split, interim dividend plan

The stock of auto parts & equipment Company rallied 88% in past six months as compared to 8% rise in the S&P BSE Sensex

India Nippon Electricals surged 10% to Rs 1,200 on BSE in early morning trade after the company said that its board will consider stock split and interim dividend.

A meeting of the board of directors of the company will held on Monday the January 29, 2018 to consider the proposal of sub-division of equity shares of the company.

“The board will also consider unaudited financial results of the company for the quarter ended 31st December 2017 and payment of an interim dividend for the year ending 31st March 2018,” India Nippon Electricals said in a statement.

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