Shares of Lux Industries today jumped as much as 15 per cent after the company announced that its board of directors will consider the stock-split proposal.
Shares of the firm ended the day at Rs 3,455 on BSE, a surge of 15.07 per cent over the previous close.
Intra-day it climbed 17.31 per cent to trade at Rs 3,522.50.
On NSE, the shares closed at Rs 3,455 after going up by 14.31 per cent.
"A meeting of the Board of Directors of the company will be held on April 12, 2016... To consider and approve the sub division of equity shares of the company and alteration of memorandum of association of the company," the company had said in a regulatory filing to BSE yesterday.
Kolkata-based Lux Industries makes innerwear under the Lux brand.
