Pokarna surged 5.6% to Rs 1,502 at 10:42 IST on BSE after the company said its board will consider stock split proposal when it meets on 8 May 2017, to declare Q4 March 2017 results.
The announcement was made after market hours yesterday, 24 April 2017.Meanwhile, the S&P BSE Sensex was up 162.70 points or 0.55% at 29,818.54.
On the BSE, 9,987 shares were traded on the counter so far as against the average daily volumes of 4,457 shares in the past one quarter. The stock had hit a high of Rs 1,505 so far during the day, which is a 52-week high. The stock hit a low of Rs 1,470 so far during the day. The stock had hit a 52-week low of Rs 710 on 24 August 2016.
On consolidated basis, Pokarna's net profit fell 16.6% to Rs 17.36 crore on 5.5% decline in net sales to Rs 91.91 crore in Q3 December 2016 over Q3 December 2015.
Pokarna processes granite at its manufacturing facilities with raw material majorly sourced from its own quarries. The company also operates in quartz business.
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