ADCC Infocad was locked at 10% upper circuit at Rs 156 at 11:06 IST on BSE after the company said its board will meet on 30 June 2017, to consider and approve issue of shares by way of bonus shares.
The announcement was made after market hours yesterday, 27 June 2017.
Meanwhile, the S&P BSE Sensex was down 57.12 points, or 0.18% at 30,901.13. The S&P BSE Small-Cap index was up 30.56 points, or 0.2% at 15,171.64.
On the BSE, 11,000 shares were traded on the counter so far as against the average daily volumes of 15,000 shares in the past two weeks. The stock had hit a high of Rs 160 so far during the day, which is also its record high. The stock hit a low of Rs 143 so far during the day. The stock had hit a 52-week low of Rs 64 on 31 August 2016.
ADCC Infocad said that a meeting of the board of directors of the company is scheduled to be held on 30 June 2017, to consider and approve issue of shares by way of bonus shares.
ADCC Infocad's consolidated net profit spurted 230.8% to Rs 14.95 crore on 26.8% increase in net sales to Rs 168.34 crore in the year ended March 2017 (FY 2017) over the year ended March 2016 (FY 2016).
ADCC Infocad is engaged in architectural and engineering activities and related technical consultancy, and retail sale of non-customized software.
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