NALCO plans stock split, bonus issue; stock rises 5%
National Aluminium Company (NALCO) is planning stock split, bonus issue, reports CNBC-TV18. It touched a 52-week high of Rs 455. At 13:55 hrs the share was quoting at Rs 448.90, up Rs 21.55, or 5.04%.
March 03, 2011 / 02:01 PM IST
National Aluminium Company (NALCO) touched a 52-week high of Rs 455. At 13:55 hrs the share was quoting at Rs 448.90, up Rs 21.55, or 5.04%.
The company is planning stock split, bonus issue. They are planning to split each share into 2 and 1:1 bonus issue. The company is seeking shareholder nod on March 5, quoting Agencies, reports CNBC-TV18.
It was trading with volumes of 227,777 shares, compared to its five-day average of 74,669 shares, an increase of 205.05%.
In the previous trading session, the share closed down 1.01% or Rs 4.35 at Rs 427.35.
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