Pokarna rises by 5 per cent; to consider shares sub-division
DSIJ Intelligence / 25 Apr 2017
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India's granite production major, Pokarna's stock reached a new high of 52-weeks at Rs 1503, increasing by 5.7 per cent intra day on April 25, 2017, with the company expected to consider the sub division of shares in its board meeting on May 8, 2017.
India's granite production major, Pokarna's stock reached a new high of 52-weeks at Rs 1503, increasing by 5.7 per cent intra day on April 25, 2017, with the company expected to consider the sub division of shares in its board meeting on May 8, 2017.
The board is also likely to consider dividend and equity shares recommendations for the concluding FY17, along with the sub-division of the current value of equity shares of Rs 10 per share into a smaller denomination.
The company's board is meeting on May 8, 2017 for taking on record, and approving the standalone and consolidated financial results for FY17.
As on April 25, 2017, the company's stock is trading at Rs 1500.90, up by 5.12 points at 10:05 hrs IST on the BSE.
The stock had surged by 15 per cent in mid January 2017, triggered by the company's Rs 325 crore investment towards organic expansion.
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