Kesar Terminals gains after board approval for 2 for 1 stock split

Kesar Terminals & Infrastructure rose 1.21% to Rs 521.10 at 12:45 IST on BSE after the company said that the board of directors of the company at a meeting held today, 1 July 2016, approved 2 for 1 stock split.

The announcement was made during market hours today, 1 July 2016.

Meanwhile, the S&P BSE Sensex was up 215.70 points or 0.8% at 27,215.42.

On BSE, so far 3,131 shares were traded in the counter as against average daily volume of 13,000 shares in the past two weeks. The stock hit a high of Rs 529 and a low of Rs 514 so far during the day. The stock had hit a 52-week high of Rs 538 on 21 June 2016. The stock had hit a 52-week low of Rs 330 on 25 August 2015.

The small-cap company has equity capital of Rs 5.25 crore. Face value per share is Rs 10.

On 24 June 2016, Kesar Terminals & Infrastructure's board had recommended issue of 1:25 bonus shares (one bonus share for every twenty five currently held).

On consolidated basis, Kesar Terminals & Infrastructure's net profit rose 66.4% to Rs 4.21 crore on 4.06% growth in net sales to Rs 11.05 crore in Q4 March 2016 over Q4 March 2015.

Kesar Terminals is a diversified company with interests in manufacture of sugar, alcohol, production of hybrid seeds and in the service sector.

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