Swadeshi Industries gains as board to consider stock split

Swadeshi Industries & Leasing rose 3.11% to Rs 384.85 at 12:27 IST on BSE after the company said its board of directors will meet on Thursday, 24 April 2014, to consider stock-split.

The announcement was made on Friday, 18 April 2014. The stock market was closed on that day, on account of Good Friday.

Meanwhile, the S&P BSE Sensex was up 78.52 points or 0.35% at 22,707.36.

On BSE, so far 2,400 shares were traded in the counter as against average daily volume of 32,319 shares in the past one quarter.

The stock hit a high of Rs 385.80 and a low of Rs 380.90 so far during the day. The stock had hit a record high of Rs 398.95 on Thursday, 17 April 2014. The stock had hit a 52-week low of Rs 42.30 on 17 April 2013.

The stock had outperformed the market over the past one month till 17 April 2014, jumping 20.05% compared with the Sensex's 3.76% rise. The scrip had also outperformed the market in past one quarter, galloping 62.99% as against Sensex's 7.43% rise.

The small-cap company has equity capital of Rs 10.82 crore. Face value per share is Rs 10.

Swadeshi Industries & Leasing reported a net profit of Rs 0.05 crore in Q3 December 2013 as against net loss of Rs 0.02 crore in Q3 December 2012. Total income stood at Rs 0.09 crore in Q3 December 2013.

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