Shares in Deepak Nitrite has rallied 9% to Rs 98.15 in otherwise subdued market on the Bombay Stock Exchange (BSE).
The stock of commodity chemicals manufacture is turned ex-bonus and stock split today.
The company said it has fixed June 23, 2014 as record date for the sub-division of equity shares of Rs 10 each into five (5) equity shares of Rs 2 each.
The company also issue bonus shares in the ratio of one (1) equity share of Rs 2 for every one (1) equity share of Rs 2 each held on the record date (post sub-division).
The stock opened at its record high of Rs 100 (adjusted to stock split and bonus share) and touched a low of Rs 93.80 so far. A combined 250,000 shares changed hands on the counter till 1035 hours on BSE and NSE.
Meanwhile, the stock has outperformed the market by surging 40% in past one month, after the company announced the completion of successful trial runs of production at its new Greenfield Plant in Gujarat has commissioned balance capacities of Optical Brightening Agent (OBA) on May 20, 2014. The benchmark S&P BSE Sensex has gained 3.3% during the same period.
The company said it has fixed June 23, 2014 as record date for the sub-division of equity shares of Rs 10 each into five (5) equity shares of Rs 2 each.
The company also issue bonus shares in the ratio of one (1) equity share of Rs 2 for every one (1) equity share of Rs 2 each held on the record date (post sub-division).
The stock opened at its record high of Rs 100 (adjusted to stock split and bonus share) and touched a low of Rs 93.80 so far. A combined 250,000 shares changed hands on the counter till 1035 hours on BSE and NSE.
Meanwhile, the stock has outperformed the market by surging 40% in past one month, after the company announced the completion of successful trial runs of production at its new Greenfield Plant in Gujarat has commissioned balance capacities of Optical Brightening Agent (OBA) on May 20, 2014. The benchmark S&P BSE Sensex has gained 3.3% during the same period.
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