Shares of Heritage Foods climbed as much as 2 per cent on Wednesday after the company informed bourses that it has fixed October 11 as the record date for stock split.

The company will subdivide each share of face value of Rs 10 into two share of face value of Rs 5 each.

Heritage Foods also informed bourses that the board has approved purchase of assets, including building and machinery of Shah Motilal Foods in Telangana for expansion of dairy division by setting up plant.

The scrip was trading 1.79 per cent per cent up at Rs 1455 around 12.25 pm (IST). Shares of the company opened at Rs 1443.45 and touched a high and low of Rs 1,459.70 and Rs 1,443.45, respectively, in trade so far. Benchmark BSE Sensex was down 232 points at 31,367 at around the same time.

The scrip had 52-week high of Rs 1566.35 on August 31, 2017 and 52-week low of Rs 730.40 on November 9, 2016.

For the quarter ended June 30, 2017, the company reported a net profit of Rs 10.37 crore, down 39.39 per cent, against Rs 17.11 crore in the corresponding quarter last year. Net sales of Heritage Foods increased 31.96 per cent year-on-year to Rs 616.44 crore during the quarter under review.