Nitin Fire Protection plans bonus issue; stock surges
Shares of Nitin Fire Protection gained momentum after the company announced that its board will meet on September 12, 2011 to consider and fix record date for issue of bonus shares.
By ET Bureau | Updated:
MUMBAI: Shares of Nitin Fire Protection gained momentum after the company announced that its board will meet on September 12, 2011 to consider and fix record date for issue of bonus shares.
Last month, the company had recommended bonus shares in the proportion of 5 bonus share for every 2 existing fully paid up.
The stock was at Rs 140.20, up 12.12 per cent on the BSE. It touched a high of Rs 145 and low of Rs 122.15 in trade so far. It has gained over 76 per cent in calendar year 2011.
The company’s net profit more than doubled at Rs 23.64 crore for the quarter ended June 2011, as compared to Rs 9.63 crore in previous year quarter. Net sales grew 79% at Rs 161 crore on Y-o-Y.
Last month, the company had recommended bonus shares in the proportion of 5 bonus share for every 2 existing fully paid up.
The stock was at Rs 140.20, up 12.12 per cent on the BSE. It touched a high of Rs 145 and low of Rs 122.15 in trade so far. It has gained over 76 per cent in calendar year 2011.
The company’s net profit more than doubled at Rs 23.64 crore for the quarter ended June 2011, as compared to Rs 9.63 crore in previous year quarter. Net sales grew 79% at Rs 161 crore on Y-o-Y.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
