8K Miles Software gains ahead of board meet for stock split, bonus
The stock moved higher by 5% to Rs 2,096 on the BSE ahead of board meeting on Wednesday, August 24.
 "Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters")
Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters
8K Miles Software Services has moved higher by 5% to Rs 2,096 on the BSE ahead of board meeting on Wednesday to consider stock split and bonus shares.
On August 5, the internet software & services provider announced that a meeting of the board of directors of the company will be held on August 24, 2016, to consider sub-division/split of equity shares and issue of bonus equity shares to the shareholders.
Since then, the stock outperformed the market by gaining 15%, as compared to 0.9% rise in the S&P BSE Sensex.
At 11:33 am, it was up 5% at Rs 2,081 on the BSE, against 0.11% decline in the benchmark index. A combined 47,929 equity shares changed hands on the BSE and NSE so far.
On August 5, the internet software & services provider announced that a meeting of the board of directors of the company will be held on August 24, 2016, to consider sub-division/split of equity shares and issue of bonus equity shares to the shareholders.
Since then, the stock outperformed the market by gaining 15%, as compared to 0.9% rise in the S&P BSE Sensex.
At 11:33 am, it was up 5% at Rs 2,081 on the BSE, against 0.11% decline in the benchmark index. A combined 47,929 equity shares changed hands on the BSE and NSE so far.
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First Published: Aug 23 2016 | 11:34 AM IST