Precision Wires India jumps on mulling stock-split plan

Precision Wires India surged 6.78% to Rs 124.50 at 10:45 IST on BSE after the company scheduled a board meeting on 23 July 2015, to consider a 2-for1 stock split proposal.

The announcement was made after market hours yesterday, 2 July 2015.

Meanwhile, the BSE Sensex was up 145.95 points, or 0.52% to 28,091.75

On BSE, so far 6,411 shares were traded in the counter as against average daily volume of 5,098 shares in the past one quarter.

The stock hit a high of Rs 128 and a low of Rs 119 so far during the day. The stock had hit a 52-week high of Rs 165.90 on 22 January 2015. The stock had hit a 52-week low of Rs 99.25 on 12 August 2014.

The small-cap stock had underperformed the market over the past one month till 2 July 2015, falling 0.68% compared with 2.79% rise in the Sensex. The scrip also underperformed the market in past one quarter, falling 7.83% as against Sensex's 1.11% decline.

The company has an equity capital of Rs 11.56 crore. Face value per share is Rs 10.

Precision Wires India's net profit rose 22.6% to Rs 1.90 crore on 16.6% fall in net sales to Rs 207.18 crore in Q4 March 2015 over Q4 March 2014.

Headquartered in Mumbai, Precision Wires India is the largest manufacturer of copper winding wires in the country.

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