Deepak Nitrite has rallied 9% to Rs 578 after the company said its board has recommended issuance of bonus shares in the ratio of one bonus share for every one equity share held.
The board also approved sub-division of equity share of the company of face value of Rs 10 each into 5 equity shares of face value of Rs 2, Deepak Nitrite said in a statement.
Meanwhile, the commodity chemicals maker has reported a 68% year-on-year (yoy) jump in net profit at Rs 15.86 crore for the quarter ended March 31, 2014, on the back of higher operational income. The company had reported a profit of Rs 9.42 crore during the same quarter a year ago.
The board has recommended a dividend of 100% or Rs 10 per equity share of face value of Rs 10 each for the year ended March 31, 2014 on the existing equity share capital, it added.
The stock opened at Rs 565 and hit a record high of Rs 601 on the NSE. Till noon deals, a combined 114,490 shares have changed hands on the counter on the NSE and BSE.
The board also approved sub-division of equity share of the company of face value of Rs 10 each into 5 equity shares of face value of Rs 2, Deepak Nitrite said in a statement.
Meanwhile, the commodity chemicals maker has reported a 68% year-on-year (yoy) jump in net profit at Rs 15.86 crore for the quarter ended March 31, 2014, on the back of higher operational income. The company had reported a profit of Rs 9.42 crore during the same quarter a year ago.
The board has recommended a dividend of 100% or Rs 10 per equity share of face value of Rs 10 each for the year ended March 31, 2014 on the existing equity share capital, it added.
The stock opened at Rs 565 and hit a record high of Rs 601 on the NSE. Till noon deals, a combined 114,490 shares have changed hands on the counter on the NSE and BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%