Published on 11/01/2018 12:40:41 PM | Source: Dion Global Solutions Ltd

India Nippon Electricals zooms 10% on stock split plan

Posted in Stock On The Move| #Stock On The Move #Auto Ancillaries Sector

Shares of India Nippon Electricals rallied nearly 10 per cent on the Bombay Stock Exchange after the company said that its board will meet on January 29, 2018 to consider stock split and interim dividend. Following the announcement, stocks of the company gained as much 9.76 per cent to touch an intra-day high of Rs 1200.00 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the firm were trading 8.82 per cent higher at Rs 1,193.00 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 34,467.87, up 34.80 points, or 0.10 per cent, at 12:10 hours.