Kanoria up on bonus buzz
STOCKS IN THE NEWS
| After a gap of 18 years, the company recommended bonus shares in the ratio of one bonus share for every two equity shares held. The board of directors also approved the sub-division of equity shares with a face value of Rs 10 a share into Rs 5 each. |
| The company is one of the leading chemical manufacturing companies in India, producing alco chemicals and chloro chemicals. It posted a net profit of Rs 10.27 crore in the first quarter of FY07-08 on the back of other income of Rs 8.38 crore. The company has a total equity capital of Rs 18.76 crore and trades at a PE multiple of 7.2 on the BSE. |