Diamond Power Infrastructure is locked upper circuit of 20% at Rs 46.80 with no sellers on the counter after the company fixes record date for 1:3 bonus issue.
The company has fixed August 27, 2013 as the Record Date for the purpose of issue of bonus shares in the proportion of one equity share for every three existing equity share of the company, Diamond Power Infrastructure said in a BSE filing.
The stock opened at Rs 39.25 and hit a low of Rs 39.15 on BSE. A combined 117,000 shares change hands on the counter and there are pending buy orders for 10,250 shares on BSE and NSE.
Meanwhile, the stock has underperformed the market by falling 37% in past one month as compared to nearly 9% decline in benchmark S&P BSE Sensex till yesterday.
The company has fixed August 27, 2013 as the Record Date for the purpose of issue of bonus shares in the proportion of one equity share for every three existing equity share of the company, Diamond Power Infrastructure said in a BSE filing.
The stock opened at Rs 39.25 and hit a low of Rs 39.15 on BSE. A combined 117,000 shares change hands on the counter and there are pending buy orders for 10,250 shares on BSE and NSE.
Meanwhile, the stock has underperformed the market by falling 37% in past one month as compared to nearly 9% decline in benchmark S&P BSE Sensex till yesterday.
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