Techno Electric up on bonus news
By
Research Desk
about 8 years ago
Techno Electric and Engineering had hit a new 52-week high yesterday at Rs.584.85 and today it hit another new high at Rs.630.
The company announced today that its Board will be meeting on 14th July to consider issue of bonus shares.
Based in Kolkata, this company is engaged in engineering, procurement and construction services to India’s core sector industries; both in the public and private domain. It had ended FY16 with a consolidated net profit of Rs.140 crore, up 33% and reserves stood at a very healthy Rs.1003 crore. Depending on the bonus ratio, equity will change from the current Rs.11.42 crore.