Urja Global spurts after board's nod for stock split

Urja Global was locked at 10% upper circuit at Rs 44.75 at 11:16 IST on BSE after the company said that its board of directors at a meeting held on 13 July 2015, approved 10-for-1 stock split.

The announcement was made after market hours yesterday, 15 July 2015.

Meanwhile, the S&P BSE Sensex was up 158.77 points or 0.56% at 28,357.06.

On BSE, so far 64,000 shares were traded in the counter as against average daily volume of 83,190 shares in the past one quarter.

The stock hit a low of Rs 42.30 so far during the day. The stock had hit a 52-week high of Rs 55.45 on 20 January 2015. The stock had hit a 52-week low of Rs 13.70 on 21 July 2014.

The stock had outperformed the market over the past one month till 15 July 2015, surging 11.05% compared with Sensex's 6.06% rise. The scrip had also outperformed the market in past one quarter, jumping 25.81% as against Sensex's 2.09% fall.

The small-cap company has equity capital of Rs 50.72 crore. Face value per share is Rs 10.

Urja Global's net profit rose 69.4% to Rs 0.61 crore on 7.9% growth in net sales to Rs 30.87 crore in Q1 June 2015 over Q1 June 2014.

Urja Global is one of India's leading non-renewable and renewable energy developers and operators.

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