Jul 12, 2012, 08.23 AM IST

Swelect Energy rises 10% on interim dividend

Swelect Energy Systems (erstwhile Numeric Power Systems) was locked at 10% upper circuit after the board of directors have approved payment of interim dividend of Rs 120 a share from the retained earnings, free of tax in the hands of the shareholders, for the financial year 2012-2013.

Source: Moneycontrol.com
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Swelect Energy Systems (erstwhile Numeric Power Systems) was locked at 10% upper circuit after the board of directors have approved payment of interim dividend of Rs 120 a share from the retained earnings, free of tax in the hands of the shareholders, for the financial year 2012-2013.


At 13:59 hours IST, the share was trading at Rs 280.15, up Rs 25.45, or 9.99%. There were pending buy orders of 113,626 shares, with no sellers available.
 
Even its trading volumes spiked 451% to 1,27,286 equity shares as compared to its 5-day average of 23,104 shares.


Market capitalisation of the company currently stands at Rs 283.12 crore.


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