Emami gains on 1:2 bonus issue, dividend bounty
The board announced 800% or Rs 8 per share dividend for the financial year 2012-13.
Emami is trading higher by 3.3% at Rs 687 after its board proposed to issue bonus shares in the ratio of 1 equity share for every 2 equity shares held by shareholder.
The board of directors also announced 800% or Rs 8 per share dividend for the financial year 2012-13.
Meanwhile, the personal products maker has posted 29.9% year-on-year (yoy) growth in its net profit at Rs 94 crore for the quarter ended March 31, 2013. Net sales grew 13% at Rs 451 crore on y-o-y basis.
“The company’s domestic business continued its robust growth in the fourth quarter also. It grew by 17.4% with revenues at Rs 75 crore. It grew by over 20% for the full year as a whole,” says Emami in a press release.
The stock opened at Rs 677 and touched high of Rs 699 on BSE. A combined around 45,000 shares have changed hands on the counter in early morning deals on BSE and NSE.
The board of directors also announced 800% or Rs 8 per share dividend for the financial year 2012-13.
Meanwhile, the personal products maker has posted 29.9% year-on-year (yoy) growth in its net profit at Rs 94 crore for the quarter ended March 31, 2013. Net sales grew 13% at Rs 451 crore on y-o-y basis.
“The company’s domestic business continued its robust growth in the fourth quarter also. It grew by 17.4% with revenues at Rs 75 crore. It grew by over 20% for the full year as a whole,” says Emami in a press release.
The stock opened at Rs 677 and touched high of Rs 699 on BSE. A combined around 45,000 shares have changed hands on the counter in early morning deals on BSE and NSE.