KGN Industries hits upper circuit

Shares of KGN Industries, a non-banking finance company, hit the 5 per cent upper circuit, closing the day at Rs 395.25. The company’s board will meet on June 6, 2009, to consider a stock split (current face value is Rs 10) in the ratio of 1:10.

The stock opened at the upper circuit and maintained that price throughout the day. The scrip made a 52-week high of Rs 3,961 (June 3, 2008) and a low of Rs 141.85 (May 5, 2009).