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Alankit gains after fixing record date for stock split

Capital Market 

Alankit rose 1.81% to Rs 53.30 at 14:05 on after the company said it has fixed 16 December 2016 as the record date for 2-for-1 stock split.

The announcement was made during market hours today, 28 November 2016.

Meanwhile, the S&P Sensex was down 14.09 points or 0.05% at 26,302.25.

On BSE, so far 2.07 lakh shares were traded in the counter as against average daily volume of 1.30 lakh shares in the past one quarter. The stock hit a high of Rs 55 and a low of Rs 51.90 so far during the day. The stock had hit a record high of Rs 85.40 on 20 October 2016. The stock had hit a 52-week low of Rs 23.18 on 9 December 2015. The stock had underperformed the market over the past one month till 25 November 2016, declining 28.78% compared with the Sensex's 6.32% fall. The scrip had also underperformed the market in past one quarter, sliding 28.56% as against the Sensex's 5.46% fall.

The small-cap company has equity capital of Rs 14.30 crore. Face value per share is Rs 2.

Alankit's net profit jumped 121.6% to Rs 1.64 crore on 594.8% growth in total income to Rs 18.62 crore in Q2 September 2016 over Q2 September 2015.

Alankit has interests in e-governance, financial services, health care & insurance broking services.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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