The stock gained 2 per cent to Rs 1,315.15 after the announcements of amalgamation of the company with Siemens Ltd. The board of directors will meet on November 30 to consider the proposal.
The stock which closed at twenty-months high on Wednesday appreciated 30 per cent in last two weeks from Rs 1,010.20 on November 12. The board of directors recommended a 100 per cent (Rs 10 per share) dividend after the company reported a net profit of Rs 5.31 crore for the year ended September 2009.
Shares fall as much as 8%