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Indo Borax zooms 37% in two days after firm announces stock split plan

Generally, a company plans to go for a stock split to make the shares more affordable for small retail investors and increase liquidity

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SI Reporter Mumbai
Shares of Indo Borax & Chemicals surged 14 per cent to hit a 52-week high of Rs 1,067.40 on the BSE in intra-day trade on Tuesday, up 37 per cent in the past two days, after the company announced stock split plan.

The company, which is engaged in the commodity chemicals business, on Monday announced that a meeting of the board of directors is scheduled to be held on June 14, 2021, inter alia, to consider and approve the annual financial results of the company for the financial year ended March 31, 2021.

The board will consider and recommend dividend, if any,