Precision Wires hits new high

Precision Wires is buzzing loud and clear today, opening flat but soon soared on to hit a new high at Rs.388.40, on the back of a 7.5-times rise in volumes.

The stock hit the roof after it announced that the Board fixed December 23 as the record date for a stock split.

The Board, on 3rd Nov, had approved the sub-division of the company's equity shares of face value of Rs.5 each into 5 equity shares of face value of Re 1 each.

It has also approved sub-division of un-issued equity shares of Rs 10 each into 10 equity shares of face value of Re 1 each.

The Board also approved interim dividend for FY22 at 35% or Rs 1.75 per equity share of the face value of Rs 5 each.