Kesar Terminals gains as board to consider stock-split proposal

Kesar Terminals & Infrastructure rose 1.86% to Rs 516.30 at 10:35 IST on BSE after the company scheduled a board meeting on 1 July 2016 to consider stock-split proposal of equity shares.

The announcement was made after market hours yesterday, 28 June 2016.

Meanwhile, the S&P BSE Sensex was up 136.04 points or 0.51% at 26,660.59.

On BSE, so far 6,344 shares were traded in the counter as against average daily volume of 3,751 shares in the past one quarter. The stock hit a high of Rs 533 and a low of Rs 514.30 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 stock had outperformed the market over the past 30 days till 28 June 2016, advancing 21.99% compared with Sensex's 0.75% fall. The scrip had also outperformed the market in past one quarter, surging 30.63% as against Sensex's 4.68% rise.

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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