 "Caplin Point Lab zooms over 40% in three days post stock split")
Caplin Point Laboratories has rallied 15% to Rs 404, extending its past two day’s rally on BSE, after the stock turned ex-stock split in the ratio of 1:5.
The stock hit a record high of Rs 414 in intra-day trade has zoomed 42% in past three trading sessions from Rs 291 (adjusted to stock split) on October 18, 2016.
Thus far in 2016, it had underperformed the market gaining 4% as compared to 7.4% rise in the S&P BSE Sensex till Tuesday.
The company had fixed October 20, 2016 as the record date for the purpose of ascertaining the eligible members who would be entitled to receive 5 equity shares of nominal face value of Rs 2 in lieu of 1 existing equity snare of nominal face value of Rs 10 each of the company.
Meanwhile, the board of directors of the company is scheduled to meet on November 09, 2016, to consider the un-audited financial results for the quarter/half year ended September 30, 2016.
The counter has seen huge trading volumes with a combined 1.69 million shares changed hands till 02:12 pm against an average sub 25,000 shares that were traded daily in past two-weeks before stock split.
The stock hit a record high of Rs 414 in intra-day trade has zoomed 42% in past three trading sessions from Rs 291 (adjusted to stock split) on October 18, 2016.
Thus far in 2016, it had underperformed the market gaining 4% as compared to 7.4% rise in the S&P BSE Sensex till Tuesday.
The company had fixed October 20, 2016 as the record date for the purpose of ascertaining the eligible members who would be entitled to receive 5 equity shares of nominal face value of Rs 2 in lieu of 1 existing equity snare of nominal face value of Rs 10 each of the company.
Meanwhile, the board of directors of the company is scheduled to meet on November 09, 2016, to consider the un-audited financial results for the quarter/half year ended September 30, 2016.
The counter has seen huge trading volumes with a combined 1.69 million shares changed hands till 02:12 pm against an average sub 25,000 shares that were traded daily in past two-weeks before stock split.
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