Techno Electric & Engineering scales record high as board to consider bonus issue

Techno Electric & Engineering Company surged 6.18% to Rs 613.15 at 09:31 IST on BSE after the company scheduled a board meeting on 14 July 2016 to consider issue of bonus shares.

The announcement was made after market hours yesterday, 4 July 2016.

Meanwhile, the BSE Sensex was down 30.05 points , or 0.11%, to 27,248.71

On BSE, so far 4,978 shares were traded in the counter compared with average daily volume of 2,332 shares in the past one quarter. The stock hit a high of Rs 630 so far during the day which is a record high for the counter. The stock hit a low of Rs 600 so far during the day. The stock hit a 52-week low of Rs 418.10 on 29 February 2016.

The mid-cap company has an equity capital of Rs 11.42 crore. Face value per share is Rs 2.

On a consolidated basis, Techno Electric & Engineering Company's net profit rose 25.12% to Rs 28.39 crore on 47.45% rise in net sales to Rs 325.80 crore in Q4 March 2016 over Q4 March 2015.

Techno Electric & Engineering Company provides high quality engineering, procurement and construction services to India's core sector industries, both in the public and private domain.

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