India Nippon Electricals jumped 9.13% to Rs 1,193.05 at 09:28 IST on BSE after the company scheduled a board meeting on 29 January 2018 to consider the proposal of sub-division of equity shares of the company.The announcement was made after trading hours yesterday, 10 January 2018.
On the BSE, 8,240 shares were traded on the counter so far as against average daily volumes of 4406 shares in the past one quarter. The stock had hit a high of Rs 1,200 and a low of Rs 1,145 so far during the day. The stock had hit a record high of Rs 1,424.80 on 30 October 2017 and a 52-week low of Rs 505 on 9 March 2017.
The small-cap company has equity capital of Rs 11.31 crore. Face value per share is Rs 10.
India Nippon Electricals' net profit rose 4.5% to Rs 11.17 crore on 23% growth in net sales to Rs 117.55 crore in Q2 September 2017 over Q2 September 2016.
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