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ISGEC Heavy gains after setting stock-split record date

Capital Market 

ISGEC Heavy Engineering rose 0.57% to Rs 5,482 at 10:16 IST on BSE after the company fixed 29 March 2019 as the record date for its 10-for-1 stock split.

The announcement was made after market hours yesterday, 18 March 2019.

Meanwhile, the S&P BSE Sensex was down 3.94 points or 0.01% at 38,091.13

On BSE, so far 232 shares were traded in the counter as against average daily volume of 26,000 shares in the past two weeks. The stock hit a high of Rs 5,550 and low of Rs 5,451.30 so far during the day.

ISGEC Heavy Engineering's net profit rose 26.73% to Rs 37.31 crore on 58.6% rise in net sales to Rs 1052.54 crore in Q3 December 2018 over Q3 December 2017.

ISGEC Heavy Engineering is engaged in the manufacturing of heavy engineering equipment.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 19 2019. 10:18 IST