AgenciesShree Securities shares were locked in the 5% upper circuit on Thursday, ahead of its board meeting to consider the proposal for a stock split.
In an exchange filing, the company said that its board of directors are scheduled to meet on Friday, December 16, to consider and approve the proposal to sub-divide or split the equity shares.
Following the update, shares of the smallcap player jumped 5% to Rs 29.50 on Thursday. The stock settled at Rs 28.10 on Wednesday.
The company board's decision will be subject to the approval of the shareholders and such authorities as may be required, according to the regulatory filing.
reported a 17% rise in the net profit at Rs 0.07 crore in the September quarter compared to a net profit of Rs 0.06 crore in the same quarter the previous year.
The stock has almost doubled in the last month, when it hit its 52-week low of Rs 16.9 on November 1.
In an exchange filing, the company said that its board of directors are scheduled to meet on Friday, December 16, to consider and approve the proposal to sub-divide or split the equity shares.
Following the update, shares of the smallcap player jumped 5% to Rs 29.50 on Thursday. The stock settled at Rs 28.10 on Wednesday.
The company board's decision will be subject to the approval of the shareholders and such authorities as may be required, according to the regulatory filing.
reported a 17% rise in the net profit at Rs 0.07 crore in the September quarter compared to a net profit of Rs 0.06 crore in the same quarter the previous year.
The stock has almost doubled in the last month, when it hit its 52-week low of Rs 16.9 on November 1.
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