Man Infraconstruction is locked in upper circuit of 20% at Rs 181, extending its previous day’s gain, after its board approved stock split in the ratio of 5:1.
On June 25, 2014 the board of directors of the company had approved sub-division of 1 equity share of face value of Rs 10 each into 5 equity shares of face value of Rs 2 each.
The board also declared an Interim dividend of Rs 1.35 per share i.e. 13.5% on face of Rs 10 each, for the financial year 2014-15.
The stock opened at Rs 155 on NSE and has seen over eight-fold jump in trading volumes. At 1450 hours a combined 1.26 million shares changed hands on the counter on BSE and NSE.
In past two trading sessions, the stock has rallied 25% from Rs 145 compared to around 1% decline in benchmark S&P BSE Sensex.
On June 25, 2014 the board of directors of the company had approved sub-division of 1 equity share of face value of Rs 10 each into 5 equity shares of face value of Rs 2 each.
The board also declared an Interim dividend of Rs 1.35 per share i.e. 13.5% on face of Rs 10 each, for the financial year 2014-15.
The stock opened at Rs 155 on NSE and has seen over eight-fold jump in trading volumes. At 1450 hours a combined 1.26 million shares changed hands on the counter on BSE and NSE.
In past two trading sessions, the stock has rallied 25% from Rs 145 compared to around 1% decline in benchmark S&P BSE Sensex.
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