ADC India Comm spurts after announcing special interim dividend

ADC India Communications rallied 14.36% to Rs 275.50 at 14:52 IST on BSE after the company said its board at a meeting held today, 27 March 2015, declared a special one time interim dividend of Rs 29 per share for the year ending 31 March 2015.

The announcement was made during market hours today, 27 March 2015.

Meanwhile, the S&P BSE Sensex was up 54.28 points or 0.2% at 27,511.86.

On BSE, so far 50,000 shares were traded in the counter as against average daily volume of 10,063 shares in the past one quarter.

The stock hit a high of Rs 279 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 240 so far during the day. The stock had hit a 52-week low of Rs 125.05 on 9 April 2014.

The stock had outperformed the market over the past one month till 26 March 2015, advancing 1.26% compared with the Sensex's 4.48% fall. The scrip had also outperformed the market in past one quarter, surging 7.76% as against Sensex's 0.79% rise.

The small-cap company has equity capital of Rs 4.60 crore. Face value per share is Rs 10.

ADC India Communications' net profit rose 67.8% to Rs 1.46 crore on 22.5% growth in net sales to Rs 16.10 crore in Q3 December 2014 over Q3 December 2013.

ADC India Communications provides connectivity solutions for wireline, wireless, cable, broadcast, and enterprise networks.

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