Navin Fluorine International has surged 15% to Rs 226 after the speciality and fine chemicals producer said, its board will consider the interim dividend while announcing July-September (Q2) earnings on October 23.
The stock opened at Rs 198 and hit a high of Rs 227 on BSE. A combined 106,957 shares changed hands on the counter till 1215 hours as against an average sub 15,000 shares that were traded daily in past two weeks on BSE and NSE.
“The board of directors of the company will meet on October 23, 2013, to consider the un-audited financial results of the company for the quarter ended September 30, 2013 and also to consider the declaration of interim dividend for the year 2013-2014,” Navin Fluorine International said in a statement.
The company had paid total dividend of Rs 15 per share including interim dividend of Rs 7.50 per share on face value of Rs 10 each for the last financial year 2012-13.
Meanwhile, the company had reported 31% year-on-year drop in net profit at Rs 13.40 crore in June 2013 quarter mainly due to no income from carbon credit during the quarter. The company had posted net loss of Rs 7.60 crore in March quarter.
The stock opened at Rs 198 and hit a high of Rs 227 on BSE. A combined 106,957 shares changed hands on the counter till 1215 hours as against an average sub 15,000 shares that were traded daily in past two weeks on BSE and NSE.
“The board of directors of the company will meet on October 23, 2013, to consider the un-audited financial results of the company for the quarter ended September 30, 2013 and also to consider the declaration of interim dividend for the year 2013-2014,” Navin Fluorine International said in a statement.
The company had paid total dividend of Rs 15 per share including interim dividend of Rs 7.50 per share on face value of Rs 10 each for the last financial year 2012-13.
Meanwhile, the company had reported 31% year-on-year drop in net profit at Rs 13.40 crore in June 2013 quarter mainly due to no income from carbon credit during the quarter. The company had posted net loss of Rs 7.60 crore in March quarter.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%