Singer India gains on stock-split plan

Singer India gained 2.23% to Rs 250 at 09:18 IST on BSE after the company scheduled a board meeting on 6 November 2017, to consider stock-split of equity shares.

The announcement was made after market hours yesterday, 16 October 2017.

Meanwhile, the S&P BSE Sensex was down 34.68 points, or 0.11%, to 32,598.96. The S&P BSE Small-Cap index was up 23.17 points, or 0.14%, to 16,999.34.

On BSE, so far 3,347 shares were traded in the counter, compared with an average volume of 57,489 shares in the past one quarter. The stock hit a high of Rs 255 and low of Rs 246 so far during the day. The stock hit a record high of Rs 314.90 on 21 July 2017. The stock hit a 52-week low of Rs 177.10 on 22 November 2016.

The small-cap company has an equity capital of Rs 10.74 crore. Face value per share is Rs 10.

Singer India's net profit fell 15.42% to Rs 1.92 crore on 3.93% rise in total income to Rs 98.61 crore in Q1 June 2017 over Q1 June 2016.

Singer India is engaged in sewing machines and other consumer durable business.

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