Ashoka Buildcon jumps after setting record date for stock split, bonus issue

The company made the announcement during trading hours today, 26 June 2013.

Meanwhile, the S&P BSE Sensex was up 23.47 points, or 0.13%, to 18,652.62.

On BSE, 12,429 shares were traded in the counter as against an average daily volume of 4,554 shares in the past one quarter.

The stock hit a high of Rs 209.20 and a low of Rs 190 so far during the day. The stock had hit a record low of Rs 180 on 21 June 2013. The stock had hit a 52-week high of Rs 279.40 on 13 August 2012.

The stock had underperformed the market over the past one month till 25 June 2013, falling 10.26% compared with the Sensex's 5.46% fall. The scrip had also underperformed the market in past one quarter, sliding 6.13% as against Sensex's 0.28% fall.

The small-cap company has an equity capital of Rs 52.65 crore. Face value per share is Rs 10.

Ashoka Buildcon will split each equity share into two and issue one bonus share for every two equity shares held as on the record date.

Ashoka Buildcon's consolidated net profit tumbled 86.2% to Rs 6.43 crore on 38.9% growth in net sales to Rs 649.18 crore in Q4 March 2013 over Q4 March 2012.

Ashoka Buildcon is a leading highway concessionaire and engineering, procurement and construction (EPC) company.

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