Pokarna surges 10% on stock split plan

In past six months, the stock zoomed 73% as compared to 6% rise in the S&P BSE Sensex.

Pokarna surged 10% to Rs 1,570, also its record high on BSE in intra-day trade, after the company said the board will meet on May 8, to consider sub division of face value of equity shares.

“Meeting of the board of directors of the company is scheduled to be held on May, 08th 2017, Monday, consider sub-division (stock-split) of the present value of the equity shares of Rs 10 each into smaller denomination,” Pokarna said in a BSE filing.

The board will also consider the audited standalone and consolidated financial results of the company