Ansal Housing hits new high
Ansal Housing has hit a 52-week high today at Rs.22.35 and it remains up in the green at Rs.22.95, up almost 18%. Volumes are huge at over 74,000 shares today compared to average of over 4000 shares.
The stock has spiked up today after the company announced 12th April as the record date for issue of bonus shares. The Board, earlier, at its meeting held on 14th Feb had approved issue of bonus in the ratio of two shares for one share held in the company.
At end of FY12, as at 31st March 2012, the company had reserves of Rs.313 crore and today, its equity already stands high at Rs.20.37 crore. Post the bonus issue, equity will double to Rs.40.74 crore.
At the end of 9MFY13, the company had a net profit of Rs.24 crore, lower than Rs.26 crore posted for the corresponding period in the previous year. It had ended FY12 with a net profit at Rs.33 crore.