Oriental Aromatics rose 2.82% to Rs 915 at 10:41 IST on BSE after the company's board of directors approved sub-division and bonus issue of equity shares.
The announcement was made after market hours on Friday, 26 October 2018.Meanwhile, the S&P BSE Sensex was up 225.05 points, or 0.67% to 33,574.36
On the BSE, 620 shares were traded in the counter so far compared with average daily volumes of 1,143 shares in the past two weeks. The stock had hit a high of Rs 934 and a low of Rs 889.50 so far during the day.
Oriental Aromatics' board of directors approved a 2-for-1 stock split and 1:1 bonus issue of equity shares.
Oriental Aromatics' net profit rose 80% to Rs 11.07 crore on 31.29% rise in total income to Rs 148.69 crore in Q1 June 2018 over Q1 June 2017.
Oriental Aromatics is India's largest manufacturer of variety of terpene chemicals and other speciality aroma chemicals.
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