The stock slipped to a low of Rs 383 and finally ended with a gain of 3.2% at Rs 387. Around 7.4 lakh shares were traded on the BSE today as compared to the two-week daily average trade of 1.5 lakhs shares.
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(Updated at 0939 hrs)
Sterlite Technologies has zoomed 10% on bonus-cum-stock split plans.
The stock opened at Rs 401 and has soared to a high of Rs 418.
The scrip is now trading at Rs 413, up 10% from its previous close. The counter has clocked volumes of 2.5 lakh shares as compared to the two-week daily average traded volumes of 1.54 shares on the BSE.
Sterlite Technologies has informed BSE that a meeting of the board of directors will be held on January 18 to consider issue of bonus shares and spilt of equity shares.
The company will also announce it results on the same day.
