Special dividend, strong Q3 results drive Polyplex shares 17% higher

Shares of Polyplex Corporation surged 17 per cent to Rs 880, also its record high, on the BSE in Wednesday's intra-day trade after the company's board declared a special dividend of Rs 100 per share. The stock surpassed its previous high of Rs 878 touched on August 21, 2020.

The board of directors declared payment of a third interim dividend (special) for the financial year 2020-21 at Rs 100 per share (of the face value of Rs 10 each). The record date for the purpose of payment has been fixed as February 19, 2021, and is proposed to be paid within