 "Sudarshan Chemical zooms 16% on bonus issue, stock split plan")
Sudarshan Chemical Industries has zoomed 16% to Rs 975 after the company announced that the board will consider maiden bonus issue and stock split of face value of equity shares from Rs 10 to lower denominations.
“The board of directors of the company will meet on August 09, 2014, to consider sub-division of the face value of the equity shares of the company and issue of bonus shares” Sudarshan Chemicals Industries said in a statement.
The board will also consider the unaudited financial result of the company for the quarter ended June 30, 2014, it added.
The stock opened at Rs 919 and touched a record high of Rs 1,011 on BSE. A combined 12,030 shares changed hands on the counter so far on BSE and NSE.
“The board of directors of the company will meet on August 09, 2014, to consider sub-division of the face value of the equity shares of the company and issue of bonus shares” Sudarshan Chemicals Industries said in a statement.
The board will also consider the unaudited financial result of the company for the quarter ended June 30, 2014, it added.
The stock opened at Rs 919 and touched a record high of Rs 1,011 on BSE. A combined 12,030 shares changed hands on the counter so far on BSE and NSE.
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%