SBT jumps as board to consider preferential, rights issue and interim dividend

Stock up 8% to Rs 399

State Bank of Travancore surged 8% to Rs 399 after the board fixed April 4 as the record date for payment of interim dividend, if declared.
 
The bank had earlier informed BSE that a meeting of the Board of Directors of the Bank will be held on March 21, 2014, to consider declaration of Interim Dividend, preferential allotment of shares and rights issue to the shareholders of the bank.
 
The stock opened at Rs 370 which is also the low thus far.
 
A combined total of nearly 1,50,000 changed hands on the BSE and NSE.