Kajaria Ceramics gains as board plans to consider stock split

Kajaria Ceramics gained 2.7% to Rs 1,138 at 11:10 IST on BSE after the company said that its board of directors will meet on 16 June 2016 to consider and approve 2 for 1 stock split.

The announcement was made after market hours yesterday, 1 June 2016.

Meanwhile, the BSE Sensex was down 59.07 points, or 0.2%, to 26,660.16.

On BSE, so far 12,784 shares were traded in the counter, compared with an average volume of 17,452 shares in the past one quarter. The stock hit a high of Rs 1,140, which is also a record high for the stock. The stock hit a low of Rs 1,110 so far during the day. The stock hit a 52-week low of Rs 607.35 on 25 August 2015. The stock had outperformed the market over the past one month till 1 June 2016, gaining 5.3% compared with 4.32% gains in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 26.27% as against Sensex's 12.34% gains.

The mid-cap company has an equity capital of Rs 15.89 crore. Face value per share is Rs 2.

Kajaria Ceramics' consolidated net profit rose 27.8% to Rs 66.04 crore on 11.9% increase in net sales to Rs 655.12 crore in Q4 March 2016 over Q4 March 2015.

Kajaria Ceramics is the manufacturer of ceramic/vitrified tiles.

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