Indo Borax Chemicals is showing some good reaction today. The stock opened 11% higher at Rs.1034.80 and went on to hit a new high at Rs.1067.40, up over 14%. Volumes, which on a 2-week average are less than 10k, today was at 36k till now.
The company announced yesterday that its Board will meet on the 14th of June to consider its Q4 and FY21 earnings and dividend and apart from that, also consider the proposal for sub-division/split of the company's equity share having face value of Rs 10 each.
The stock is listed only on the BSE and is traded in the ‘X’ group.