Alkyl Amines Chemicals has moved higher by 7% to Rs 331 after the company said its board will consider the sub-division of equity shares of face value of Rs 10 a share to a lower denomination.
“The board of directors will also consider sub-division of equity shares of the company at its meeting to be held on May 15, 2014,” Alkyl Amines Chemicals said in a regulatory filing.
Earlier, on April 10, 2014 the company had announced that the board will consider audited financial results for the year ended March 31, 2014 and recommendation of dividend.
The stock opened at Rs 317 and hit a 52-week high of Rs 336 on the BSE. A combined 6,309 shares changed hands on the counter till noon deals on the BSE and NSE.
Meanwhile, the commodity chemicals maker's shares have outperformed the market, surging 165% from a low of Rs 125 touched on July 31 last year, compared to a 16% rise in benchmark S&P BSE Sensex.
“The board of directors will also consider sub-division of equity shares of the company at its meeting to be held on May 15, 2014,” Alkyl Amines Chemicals said in a regulatory filing.
Earlier, on April 10, 2014 the company had announced that the board will consider audited financial results for the year ended March 31, 2014 and recommendation of dividend.
The stock opened at Rs 317 and hit a 52-week high of Rs 336 on the BSE. A combined 6,309 shares changed hands on the counter till noon deals on the BSE and NSE.
Meanwhile, the commodity chemicals maker's shares have outperformed the market, surging 165% from a low of Rs 125 touched on July 31 last year, compared to a 16% rise in benchmark S&P BSE Sensex.
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