Ramco rises on stock split

Ramco Industries’ shares hit the 20 per cent upper circuit to close the day at Rs 839.6 after an annoucement that the company’s board will meet on July 23 to consider issue of bonus shares and a stock split.

If approved, it will be the company’s second bonus issue since 1994. The board will also consider the June quarter results. The announcement had come after market hours on Monday. The scrip has made a 52-week high of Rs 885 and a low of Rs 326.