Asian Electronics hits top on stock split

DALAL STREET SPIKES

The stock of Asian Electronics hit the upper circuit of 5 per cent at Rs 953.40 on the announcement of improved results and stock split.

The company has approved the split of its equity share of Rs 10 each into 2 shares of Rs 5 each.

The company's net profit at Rs 66.6 crore is up 165 per cent. Whereas turnover grew by 135 per cent at Rs 3,67.5 crore.