The stock of Shri Dinesh Mills was the largest gainer in falling markets, appreciating by over 30 per cent, after the announcement on sub-division of equity shares.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The stock gained 34 per cent from Rs 1,274.84 to Rs 1,704.15 on Friday. The board of directors of the company will meet on June 19 to decide on the stock split from Rs 100 paid-up to a lower denomination.
</p><p class='TableClas'>The company is engaged in manufacturing and marketing woolen textile goods and pharmaceuticals products. It posted a 14 per cent drop in net profit for the first nine months of FY 2007-08. It reported a net profit of Rs 6.41 crore for the period April-December,2007 against Rs 7.43 crore in the same period of FY07.
</p><p class='TableClas'>The company is planning to engage in custom manufacturing as it possesses the required infrastructure to manufacture speciality chemicals in large and small batch sizes. 
</p><p class='TableClas'>It has 28,508 sq mtrs of open land, with construction of 5603=24 sq. mtrs. At the current price of Rs 1704.15, the stock discounts its third quarter (December 2007) annualised EPS of Rs 99.24 by a PE multiple of 17.17. </P></p><p class='TableClas'></p></table>


Stock split fuels Dinesh Mills

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