Dividend recommendation helps HBL Power Systems scrip climb high
DSIJ Intelligence / 14 Aug 2017
In the wake of recommending a dividend proposal, HBL Power Systems’ scrip witnessed a sharp increase of over 4% intraday in today morning’s trading session.
In the wake of recommending a dividend proposal, HBL Power Systems’ scrip witnessed a sharp increase of over 4% intraday in today morning’s trading session. The recommendation of 25% (i.e. 25 paise per each share of Rs 1 paid up) for the year 2016-17 was done by the company’s Board of Directors on Saturday.
The recommendation is subject to shareholders’ approval at the Annual General Meeting. Meanwhile, the stock was trading higher by 3.33% at Rs 45 per share on the BSE at 1201 hours against the previous close of Rs 43 per share. It has attracted traded volume of 66,179 shares and traded value of Rs 29.85 lakhs on the NSE at 1203 hours.
Its 52-week high and 52-week low was Rs 52.90 (July 21, 2017) and Rs 29.40 (September 29, 2016) respectively.
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